CAE (TSE:CAE) Given New C$43.00 Price Target at BMO Capital Markets

CAE (TSE:CAE) (NYSE:CAE) had its target price boosted by BMO Capital Markets from C$38.00 to C$43.00 in a report released on Monday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. TD Securities increased their price objective on CAE from C$37.00 to C$39.00 and gave the stock a hold rating in a research report on Monday. Royal Bank of Canada increased their price objective on CAE from C$39.00 to C$41.00 in a research report on Friday, January 31st. CIBC increased their price objective on CAE from C$38.00 to C$41.00 in a research report on Wednesday, January 15th. Scotiabank increased their price objective on CAE from C$39.00 to C$42.00 in a research report on Monday, January 27th. Finally, Raymond James reiterated a market perform rating and issued a C$34.00 price objective on shares of CAE in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CAE has an average rating of Hold and an average price target of C$41.38.

TSE:CAE opened at C$40.65 on Monday. The stock has a fifty day moving average price of C$38.19 and a two-hundred day moving average price of C$35.14. The stock has a market capitalization of $10.82 billion and a price-to-earnings ratio of 30.54. The company has a debt-to-equity ratio of 105.69, a quick ratio of 0.77 and a current ratio of 1.17. CAE has a 1 year low of C$27.32 and a 1 year high of C$42.00.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Friday, February 7th. The company reported C$0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.36 by C$0.01. The business had revenue of C$923.50 million during the quarter, compared to analysts’ expectations of C$960.00 million. On average, analysts predict that CAE will post 1.58 EPS for the current year.

About CAE

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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