CAE (TSE:CAE – Get Free Report) (NYSE:CAE) had its price target decreased by investment analysts at Royal Bank of Canada from C$31.00 to C$30.00 in a report issued on Tuesday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 17.23% from the company’s previous close.
Several other research analysts have also commented on CAE. Canaccord Genuity Group lowered shares of CAE from a “buy” rating to a “hold” rating and cut their price target for the company from C$34.00 to C$30.00 in a report on Wednesday, May 22nd. Desjardins lowered their price objective on shares of CAE from C$30.00 to C$29.00 and set a “hold” rating for the company in a research report on Wednesday, May 29th. CIBC increased 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 report on Wednesday, May 29th. BMO Capital Markets decreased 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 research report on Wednesday, May 22nd. Finally, National Bankshares decreased their price target on shares of CAE from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$31.30.
View Our Latest Stock Analysis on CAE
CAE Trading Up 0.7 %
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last released its quarterly earnings results on Monday, May 27th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.30 by C($0.18). The firm had revenue of C$1.13 billion for the quarter, compared to analyst estimates of C$1.18 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%. Research analysts forecast that CAE will post 1.2942656 EPS for the current year.
About CAE
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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