BMO Capital Markets Trims CAE (TSE:CAE) Target Price to C$35.00

CAE (TSE:CAE) (NYSE:CAE) had its price target cut by equities research analysts at BMO Capital Markets from C$36.00 to C$35.00 in a research report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 6.06% from the company’s previous close.

A number of other analysts have also recently issued reports on CAE. TD Securities boosted their target price on CAE from C$31.00 to C$34.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Desjardins decreased their target price on CAE from C$37.00 to C$36.00 in a report on Thursday. CIBC boosted their target price on CAE from C$29.00 to C$32.00 in a report on Tuesday, April 23rd. Raymond James boosted their target price on CAE from C$27.50 to C$35.00 and gave the stock a “market perform” rating in a report on Tuesday, May 21st. Finally, National Bank Financial boosted their target price on CAE from C$32.50 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 21st. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. CAE presently has an average rating of “Hold” and a consensus target price of C$34.67.

Shares of TSE CAE traded down C$1.17 on Thursday, reaching C$33.00. 877,665 shares of the company traded hands, compared to its average volume of 570,782. CAE has a fifty-two week low of C$22.10 and a fifty-two week high of C$36.86. The firm’s 50 day moving average is C$35.60. The company has a quick ratio of 0.79, a current ratio of 1.12 and a debt-to-equity ratio of 96.61. The company has a market capitalization of $9.48 billion and a PE ratio of 26.83.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Friday, May 17th. The company reported C$0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.44 by C$0.04. The firm had revenue of C$1.02 billion for the quarter, compared to analysts’ expectations of C$964.00 million. As a group, analysts anticipate that CAE will post 1.58 earnings per share for the current year.

About CAE

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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