CAE (CAE) Stock Rating Upgraded by Royal Bank of Canada

Royal Bank of Canada upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a reduce rating to an outperform rating in a research note published on Monday morning. The firm currently has C$26.00 price objective on the stock, up from their prior price objective of C$25.00.

CAE has been the subject of several other reports. Raymond James Financial decreased their price objective on shares of CAE from C$22.00 to C$21.00 and set a market perform rating for the company in a report on Monday, November 13th. CIBC increased their price target on shares of CAE from C$23.00 to C$24.00 in a research note on Thursday, November 2nd. Desjardins increased their price target on shares of CAE from C$25.00 to C$27.00 in a research note on Monday, November 13th. Finally, Scotiabank increased their price target on shares of CAE from C$23.00 to C$24.00 and gave the stock an outperform rating in a research note on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CAE presently has an average rating of Buy and a consensus target price of C$24.03.

CAE (CAE) opened at C$23.10 on Monday. CAE has a 1-year low of C$19.25 and a 1-year high of C$23.67. The company has a market cap of $6,280.00, a price-to-earnings ratio of 19.74 and a beta of 0.38.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Friday, February 9th. The company reported C$0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.29 by C($0.01). CAE had a return on equity of 12.71% and a net margin of 10.37%. The company had revenue of C$704.40 million during the quarter, compared to the consensus estimate of C$734.97 million.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.56%. CAE’s payout ratio is 29.06%.

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CAE Company Profile

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.

Analyst Recommendations for CAE (TSE:CAE)

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