CAE (TSE:CAE) Stock Price Target Raised at RBC Dominion Securities

Key Points

• RBC Dominion Securities raised CAE’s price target from C$46 to C$47 while maintaining an “outperform” rating, implying 30.59% upside from the prior close.
• Analyst sentiment remains broadly positive: 12 analysts rate CAE a Buy and one rates it a Sell, producing a MarketBeat consensus of “Moderate Buy” and an average target of C$46.93.
• CAE shares fell 0.4% to C$35.99 in Wednesday trading. The company recently reported quarterly EPS of C$0.26 on revenue of C$1.17 billion.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price target upped by stock analysts at RBC Dominion Securities from C$46.00 to C$47.00 in a research note issued to investors on Wednesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. RBC Dominion Securities's target price indicates a potential upside of 30.59% from the stock's previous close.

A number of other research analysts also recently issued reports on the stock. TD raised their price target on shares of CAE from C$43.00 to C$45.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Desjardins increased their price objective on shares of CAE from C$48.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday, August 14th. Barclays set a C$54.00 target price on shares of CAE and gave the stock an "overweight" rating in a report on Friday, October 9th. Scotia lifted their target price on CAE from C$48.00 to C$49.00 and gave the company a "sector outperform" rating in a research note on Tuesday. Finally, National Bank Financial decreased their target price on CAE from C$49.00 to C$48.00 and set an "outperform" rating for the company in a research note on Wednesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$46.93.

CAE Stock Down 0.4%

Shares of TSE CAE traded down C$0.16 during trading on Wednesday, reaching C$35.99. 326,212 shares of the stock were exchanged, compared to its average volume of 935,852. The company has a market capitalization of C$11.58 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The business's 50-day moving average price is C$34.12 and its 200 day moving average price is C$37.06. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. CAE has a twelve month low of C$31.42 and a twelve month high of C$47.65.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$1.17 billion during the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

About CAE

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with sites and training locations in over 40 countries.

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