Royal Bank of Canada upgraded shares of CAE (TSE:CAE – Free Report) (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.
View Our Latest Analysis on CAE
CAE Stock Performance
CAE (TSE:CAE – Get Free Report) (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.
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