CAE (TSE:CAE) Price Target Lowered to C$36.00 at Desjardins

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CAE (TSE:CAE) (NYSE:CAE) had its price target decreased by Desjardins from C$37.00 to C$36.00 in a report released on Thursday morning, BayStreet.CA reports.

A number of other research firms also recently commented on CAE. National Bank Financial raised their price objective 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. CIBC raised their price objective on CAE from C$29.00 to C$32.00 in a report on Tuesday, April 23rd. Raymond James raised their price objective 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. TD Securities raised their price objective on CAE from C$31.00 to C$34.00 and gave the stock a hold rating in a report on Tuesday, May 21st. Finally, BMO Capital Markets raised their target price on CAE from C$30.00 to C$33.00 in a report on Monday, April 29th.

CAE stock opened at C$33.88 on Thursday. The stock’s 50-day moving average is C$35.56 and its 200-day moving average is C$32.11. The company has a market cap of $9.02 billion and a price-to-earnings ratio of 27.54. The company has a debt-to-equity ratio of 96.61, a current ratio of 1.12 and a quick ratio of 0.79. CAE has a 12 month low of C$22.10 and a 12 month high of C$36.86.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Friday, May 17th. The company reported C$0.48 EPS for the quarter, topping analysts’ consensus estimates of C$0.44 by C$0.04. The firm had revenue of C$1.02 billion during the quarter, compared to analysts’ expectations of C$964.00 million. Research analysts anticipate that CAE will post 1.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.11 per share. This is an increase from CAE’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 12th. CAE’s dividend payout ratio (DPR) is presently 32.52%.

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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