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.
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%.
ILLEGAL ACTIVITY WARNING: This report was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.themarketsdaily.com/2018/02/15/cae-cae-stock-rating-upgraded-by-royal-bank-of-canada.html.
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.
Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.