CAE (TSE:CAE – Get Free Report) (NYSE:CAE) had its price target decreased by research analysts at Royal Bank of Canada from C$31.00 to C$30.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 14.29% from the company’s previous close.
Several other equities research analysts have also recently weighed in on CAE. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating and decreased their price target for the company from C$34.00 to C$30.00 in a research note on Wednesday, May 22nd. BMO Capital Markets lowered their price target on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating for the company in a report on Wednesday, May 22nd. CIBC upped their price objective on shares of CAE from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research note on Wednesday, May 29th. National Bankshares lowered their target price on shares of CAE from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. Finally, Desjardins cut their price target on shares of CAE from C$30.00 to C$29.00 and set a “hold” rating on the stock in a research report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$31.30.
View Our Latest Research Report on CAE
CAE Stock Up 2.5 %
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last issued its quarterly 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 return on equity of 6.24% and a net margin of 6.13%. The business had revenue of C$1.13 billion for the quarter, compared to analyst estimates of C$1.18 billion. On average, research analysts anticipate that CAE will post 1.2942656 earnings per share for the current year.
CAE Company Profile
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.
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