CAE (NYSE:CAE) Given New $40.00 Price Target at Royal Bank Of Canada

CAE (NYSE:CAE) (TSE:CAE) had its price objective dropped by equities researchers at Royal Bank Of Canada from $41.00 to $40.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the aerospace company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 50.57% from the stock’s previous close.

A number of other research analysts have also commented on the company. TD Securities raised CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, August 13th. Scotiabank restated an “outperform” rating on shares of CAE in a research report on Thursday, August 14th. Weiss Ratings reissued a “hold (c)” rating on shares of CAE in a research note on Wednesday, October 8th. Wall Street Zen cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $30.00 price objective on shares of CAE in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

CAE Trading Down 3.2%

Shares of CAE stock traded down $0.87 during trading hours on Thursday, hitting $26.57. 349,169 shares of the company’s stock traded hands, compared to its average volume of 570,191. The stock’s 50 day simple moving average is $27.78 and its 200 day simple moving average is $27.43. CAE has a 12 month low of $20.36 and a 12 month high of $30.13. The stock has a market cap of $8.52 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 2.49 and a beta of 1.42. The company has a quick ratio of 0.60, a current ratio of 0.87 and a debt-to-equity ratio of 0.63.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CAE had a return on equity of 7.92% and a net margin of 8.70%.The firm had revenue of $897.99 million during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, sell-side analysts anticipate that CAE will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of CAE by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 300,522 shares of the aerospace company’s stock valued at $7,390,000 after buying an additional 5,108 shares during the period. Dynasty Wealth Management LLC raised its holdings in CAE by 6.5% during the first quarter. Dynasty Wealth Management LLC now owns 18,002 shares of the aerospace company’s stock worth $443,000 after purchasing an additional 1,099 shares in the last quarter. Cetera Investment Advisers grew its stake in CAE by 49.7% during the 1st quarter. Cetera Investment Advisers now owns 17,045 shares of the aerospace company’s stock worth $419,000 after buying an additional 5,659 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of CAE by 2.1% during the first quarter. TD Asset Management Inc now owns 1,574,426 shares of the aerospace company’s stock worth $38,703,000 after buying an additional 31,697 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CAE by 2.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,359 shares of the aerospace company’s stock valued at $1,803,000 after buying an additional 2,062 shares in the last quarter. Hedge funds and other institutional investors own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.