CAE (CAE) Price Target Increased to C$24.25 by Analysts at Scotiabank

CAE (TSE:CAE) (NYSE:CAE) had its target price upped by research analysts at Scotiabank from C$24.00 to C$24.25 in a report released on Monday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 4.66% from the company’s current price.

A number of other equities research analysts have also issued reports on CAE. CIBC upped their target price on CAE from C$23.00 to C$24.00 in a research note on Thursday, November 2nd. Royal Bank of Canada upped their target price on CAE from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a research note on Monday, November 6th. Desjardins upped their target price on CAE from C$25.00 to C$27.00 in a research note on Monday, November 13th. Finally, Raymond James Financial reduced their target price on CAE from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research note on Monday, November 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$24.03.

CAE (TSE:CAE) traded up C$1.23 on Monday, hitting C$23.17. The company had a trading volume of 866,957 shares, compared to its average volume of 379,435. The firm has a market cap of $5,900.00, a PE ratio of 23.80 and a beta of 0.38. CAE has a 1-year low of C$18.77 and a 1-year high of C$23.67.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Friday, November 10th. The company reported C$0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.02). CAE had a net margin of 10.37% and a return on equity of 12.71%.

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About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

Analyst Recommendations for CAE (TSE:CAE)

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