CAE (CAE) Given New C$29.00 Price Target at TD Securities

CAE (TSE:CAE) (NYSE:CAE) had its target price lifted by TD Securities from C$28.00 to C$29.00 in a report issued on Monday morning. The firm currently has a hold rating on the stock.

CAE has been the subject of several other reports. BMO Capital Markets upped their price target on shares of CAE from C$29.00 to C$30.00 in a research report on Wednesday, November 14th. National Bank Financial decreased their price target on shares of CAE from C$30.00 to C$29.00 in a research report on Friday, November 9th. Finally, CIBC upped their price objective on shares of CAE from C$27.00 to C$29.00 in a research note on Monday, November 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$28.86.

Shares of TSE CAE opened at C$28.04 on Monday. The company has a quick ratio of 0.76, a current ratio of 1.10 and a debt-to-equity ratio of 56.88. CAE has a 52-week low of C$22.10 and a 52-week high of C$28.23. The company has a market capitalization of $7.42 billion and a price-to-earnings ratio of 25.96.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Tuesday, November 13th. The company reported C$0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.23. The business had revenue of C$743.80 million during the quarter, compared to analyst estimates of C$652.83 million. As a group, research analysts expect that CAE will post 1.46000001929515 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, March 14th. CAE’s dividend payout ratio is currently 35.19%.

In other news, insider Nick Leontidis acquired 10,000 shares of CAE stock in a transaction dated Tuesday, November 27th. The shares were bought at an average cost of C$26.53 per share, with a total value of C$265,300.00.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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Analyst Recommendations for CAE (TSE:CAE)

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