CAE (TSE:CAE) Upgraded to “Moderate Buy” by Royal Bank of Canada

Royal Bank of Canada upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a moderate buy rating in a research note issued to investors on Thursday, Zacks.com reports.

Several other research firms have also recently weighed in on CAE. National Bankshares lowered their price objective on CAE from C$31.00 to C$29.00 and set an outperform rating on the stock in a research report on Tuesday, July 30th. BMO Capital Markets dropped their target price on shares of CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. CIBC increased their price target on CAE from C$29.00 to C$30.00 and gave the company an outperform rating in a research note on Wednesday, May 29th. Canaccord Genuity Group cut their target price on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday. Finally, Desjardins reduced their price target on CAE from C$29.00 to C$28.00 and set a hold rating on the stock in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CAE currently has an average rating of Hold and an average target price of C$30.60.

CAE Stock Performance

Shares of CAE stock traded down C$0.89 during trading on Thursday, reaching C$23.78. 127,811 shares of the company’s stock were exchanged, compared to its average volume of 611,034. The firm’s fifty day moving average price is C$25.00 and its 200-day moving average price is C$26.13. CAE has a twelve month low of C$22.28 and a twelve month high of C$33.87. The stock has a market capitalization of C$7.58 billion, a PE ratio of -24.19, a PEG ratio of 1.76 and a beta of 1.91. The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 71.45.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Monday, May 27th. The company reported C$0.12 EPS for the quarter, missing the consensus estimate of C$0.30 by C($0.18). The company had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.18 billion. CAE had a negative net margin of 7.10% and a negative return on equity of 7.14%. As a group, sell-side analysts anticipate that CAE will post 1.1842105 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.