CAE (TSE:CAE) Price Target Cut to C$29.00

CAE (TSE:CAE) (NYSE:CAE) had its price objective cut by equities research analysts at National Bankshares from C$31.00 to C$29.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 17.27% from the stock’s previous close.

CAE has been the topic of a number of other research reports. CIBC boosted their target price on shares of CAE from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. Desjardins dropped their price target on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada dropped their price target on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 2nd. BMO Capital Markets dropped their price target on shares of CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th. Finally, Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$34.00 to C$30.00 in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, CAE presently has a consensus rating of “Hold” and an average price target of C$30.90.

CAE Trading Down 0.6 %

TSE:CAE traded down C$0.16 during trading hours on Tuesday, hitting C$24.73. The company had a trading volume of 162,371 shares, compared to its average volume of 607,869. The company has a market capitalization of C$7.87 billion, a PE ratio of -24.16, a price-to-earnings-growth ratio of 1.76 and a beta of 1.92. The stock has a 50-day moving average price of C$25.55 and a 200 day moving average price of C$26.49. CAE has a 52 week low of C$23.74 and a 52 week high of C$33.87. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Monday, May 27th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.18). CAE had a net margin of 6.13% and a return on equity of 6.24%. The business had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.18 billion. On average, equities research analysts predict that CAE will post 1.2942656 EPS for the current fiscal year.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.