Royal Bank Of Canada Issues Pessimistic Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its price target reduced by investment analysts at Royal Bank Of Canada from C$42.00 to C$36.00 in a research report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 8.40% from the company’s current price.

Several other analysts also recently weighed in on CAE. Scotia dropped their price objective on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research report on Friday. TD Securities lowered their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Canaccord Genuity Group upped their price objective on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. TD lowered their price objective on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research note on Monday. Finally, Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, CAE presently has a consensus rating of “Buy” and an average price target of C$49.18.

CAE Price Performance

Shares of CAE traded up C$1.20 during trading hours on Monday, hitting C$33.21. 747,611 shares of the company were exchanged, compared to its average volume of 939,183. The company has a market cap of C$10.68 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 1.76 and a beta of 0.71. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The firm’s fifty day moving average is C$36.39 and its 200 day moving average is C$39.47.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The company had revenue of C$1.33 billion for the quarter.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.