CAE (TSE:CAE) (NYSE:CAE) had its price target raised by research analysts at TD Securities from C$28.00 to C$29.00 in a research note issued on Monday. The firm presently has a “hold” rating on the stock. TD Securities’ price target points to a potential upside of 6.34% from the stock’s previous close.
Other equities analysts have also issued research reports about the company. CIBC upped their price target on CAE from C$27.00 to C$29.00 in a research note on Monday, November 26th. BMO Capital Markets upped their price target on CAE from C$29.00 to C$30.00 in a research note on Wednesday, November 14th. Finally, National Bank Financial cut their price target on CAE from C$30.00 to C$29.00 in a research note on Friday, November 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of C$28.86.
Shares of CAE traded down C$0.35 during trading hours on Monday, hitting C$27.27. 289,592 shares of the stock traded hands, compared to its average volume of 521,862. The company has a quick ratio of 0.95, a current ratio of 1.35 and a debt-to-equity ratio of 56.93. CAE has a 1-year low of C$22.10 and a 1-year high of C$28.23. The firm has a market capitalization of $7.42 billion and a PE ratio of 20.47.
CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.23. The firm had revenue of C$743.80 million for the quarter, compared to analyst estimates of C$652.83 million. Analysts anticipate that CAE will post 1.46000005407408 EPS for the current year.
In related news, insider Nick Leontidis acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was acquired at an average price of C$26.53 per share, for a total transaction of C$265,300.00.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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