CAE (TSE:CAE) Stock Rating Reaffirmed by Raymond James

Raymond James restated their market perform rating on shares of CAE (TSE:CAE) (NYSE:CAE) in a research note released on Tuesday morning, BayStreet.CA reports. The firm currently has a C$40.00 price objective on the stock. Raymond James also issued estimates for CAE’s Q4 2020 earnings at $0.48 EPS, FY2020 earnings at $1.37 EPS and FY2021 earnings at $1.60 EPS.

CAE has been the subject of a number of other reports. Scotiabank increased their price target on CAE from C$42.00 to C$43.00 in a report on Monday, February 10th. BMO Capital Markets increased their price target on CAE from C$38.00 to C$43.00 in a report on Monday, February 10th. CIBC increased their price target on CAE from C$41.00 to C$43.00 in a report on Monday, February 10th. TD Securities raised their target price on CAE from C$37.00 to C$39.00 and gave the company a hold rating in a report on Monday, February 10th. Finally, Royal Bank of Canada raised their target price on CAE from C$41.00 to C$45.00 and gave the company an outperform rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of C$41.38.

TSE CAE opened at C$40.46 on Tuesday. The stock has a market cap of $10.82 billion and a PE ratio of 30.40. The company has a current ratio of 1.17, a quick ratio of 0.77 and a debt-to-equity ratio of 105.69. CAE has a twelve month low of C$27.47 and a twelve month high of C$42.00. The stock has a fifty day simple moving average of C$38.31 and a 200-day simple moving average of C$35.16.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Friday, February 7th. The company reported C$0.37 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.01. The business had revenue of C$923.50 million for the quarter, compared to analysts’ expectations of C$960.00 million. Research analysts predict that CAE will post 1.58 EPS 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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Analyst Recommendations for CAE (TSE:CAE)

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