The Cae Inc (CAE) PT Raised to C$23.00 at Royal Bank of Canada

The Cae Inc (CAE) PT Raised to C$23.00 at Royal Bank of Canada

Other equities analysts also recently issued research reports about the stock. TD Securities raised shares of Cae from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$20.00 to C$23.00 in a report on Wednesday, February 15th. Raymond James Financial, Inc. raised their price objective on shares of Cae from C$20.00 to C$20.75 and gave the stock a “market perform” rating in a report on Wednesday, February 15th. BMO Capital Markets raised their price objective on shares of Cae from C$20.00 to C$22.00 and gave the stock a “market perform” rating in a report on Monday, May 29th. Finally, Scotiabank raised shares of Cae from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$21.00 to C$22.00 in a report on Wednesday, February 15th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cae has a consensus rating of “Hold” and an average price target of C$22.39.

Cae Inc (TSE:CAE) (NYSE:CAE) had its target price raised by equities research analysts at Royal Bank of Canada from C$22.00 to C$23.00 in a research report issued on Thursday. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 4.88% from the company’s previous close.

Shares of Cae (TSE:CAE) opened at 21.93 on Thursday. The company has a market cap of $5.88 billion and a price-to-earnings ratio of 24.31. Cae has a 52-week low of $15.40 and a 52-week high of $22.32. The stock has a 50 day moving average of $21.30 and a 200 day moving average of $19.88.

Cae (TSE:CAE) last posted its quarterly earnings data on Wednesday, May 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $734.70 million during the quarter, compared to analysts’ expectations of $745 million. On average, equities research analysts expect that Cae will post $1.08 EPS for the current year. The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 30th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, June 13th.

Cae (TSE:CAE) last posted its quarterly earnings data on Wednesday, May 31st. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $734.70 million during the quarter, compared to analysts’ expectations of $745 million. On average, equities research analysts expect that Cae will post $1.08 EPS for the current year. In other Cae news, Director Katharine Berghuis Stevenson sold 15,000 shares of Cae stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of C$21.94, for a total transaction of C$329,100.00.

About Cae CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CAE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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