BMO Capital Markets Lifted Cae Inc (CAE) Target Price to C$22.00

BMO Capital Markets Lifted Cae Inc (CAE) Target Price to C$22.00

Cae Inc (TSE:CAE) (NYSE:CAE) had its target price lifted by BMO Capital Markets from C$20.00 to C$22.00 in a research note published on Monday. BMO Capital Markets currently has a market perform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada boosted their target price on Cae from C$20.00 to C$22.00 and gave the stock a sector perform rating in a research note on Wednesday, May 24th. TD Securities restated a hold rating and set a C$20.00 target price on shares of Cae in a research note on Tuesday, February 7th. Scotiabank upgraded Cae from a sector perform rating to an outperform rating and boosted their target price for the stock from C$21.00 to C$22.00 in a research note on Wednesday, February 15th. Finally, Raymond James Financial, Inc. boosted their target price on Cae from C$20.00 to C$20.75 and gave the stock a market perform rating in a research note on Wednesday, February 15th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of C$22.39.

Cae (TSE:CAE) opened at 21.82 on Monday. The company has a 50 day moving average of $21.25 and a 200 day moving average of $19.86. The stock has a market capitalization of $5.88 billion and a price-to-earnings ratio of 25.55. Cae has a 12 month low of $15.40 and a 12 month high of $22.32.

Cae (TSE:CAE) last posted its earnings results on Wednesday, May 31st. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The business had revenue of $734.70 million for the quarter, compared to analysts’ expectations of $745 million. On average, equities analysts predict that Cae will post $1.08 EPS for the current year.

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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