CAE (TSE:CAE – Get Free Report) (NYSE:CAE) had its price target boosted by stock analysts at TD Securities from C$33.00 to C$34.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 11.59% from the company’s current price.
Other analysts also recently issued reports about the company. Canaccord Genuity Group lowered their price target on CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. BMO Capital Markets lowered their price target on shares of CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Desjardins dropped their target price 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. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Finally, National Bankshares raised their price objective on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$32.35.
CAE Trading Up 1.0 %
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last announced its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.05 billion.
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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