CAE (TSE:CAE) Price Target Lowered to C$42.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut its price target on CAE from C$46.00 to C$42.00, implying roughly a 9.8% upside from the current share price.
• Analyst sentiment remains largely positive with a consensus rating of Moderate Buy — eight Buy ratings and one Hold — and a consensus target of C$50.67, well above RBC's revised target.
• CAE traded at C$38.24 (up 0.6%) with a market cap of C$12.31B and a P/E of 32.41, leaving the stock below both analyst targets and its 12‑month high of C$47.65.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its price target dropped by equities researchers at Royal Bank Of Canada from C$46.00 to C$42.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada's price target would suggest a potential upside of 9.83% from the company's current price.

Several other research firms have also commented on CAE. Canadian Imperial Bank of Commerce lifted their price target on CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Stifel Nicolaus set a C$50.00 price target on CAE and gave the stock a "buy" rating in a report on Wednesday, March 4th. Scotiabank lifted their price target on CAE from C$49.00 to C$57.00 and gave the stock an "outperform" rating in a report on Wednesday, January 21st. TD Securities reduced their price target on CAE from C$54.00 to C$53.00 and set a "buy" rating on the stock in a report on Tuesday, March 24th. Finally, Canaccord Genuity Group upgraded CAE from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$38.00 to C$49.00 in a report on Friday, March 13th. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, CAE has a consensus rating of "Moderate Buy" and a consensus target price of C$50.67.

CAE Trading Up 0.6%

Shares of TSE CAE traded up C$0.24 during trading on Monday, hitting C$38.24. 304,790 shares of the company were exchanged, compared to its average volume of 912,684. CAE has a 12-month low of C$31.77 and a 12-month high of C$47.65. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91. The company has a fifty day moving average price of C$39.36 and a 200-day moving average price of C$40.17. The firm has a market capitalization of C$12.31 billion, a PE ratio of 32.41, a P/E/G ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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.

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