Scotiabank Boosts CAE (CAE) Price Target to C$24.25

CAE (TSE:CAE) (NYSE:CAE) had its price objective raised by Scotiabank from C$24.00 to C$24.25 in a research note released on Monday morning. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on CAE. CIBC lifted their price target on shares of CAE from C$23.00 to C$24.00 in a report on Thursday, November 2nd. Royal Bank of Canada lifted their price target on shares of CAE from C$23.00 to C$24.00 and gave the company a sector perform rating in a report on Monday, November 6th. Desjardins lifted their price target on shares of CAE from C$25.00 to C$27.00 in a report on Monday, November 13th. Finally, Raymond James Financial lowered their price target on shares of CAE from C$22.00 to C$21.00 and set a market perform rating on the stock in a report on Monday, November 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of C$24.03.

CAE (CAE) opened at C$23.10 on Monday. CAE has a 1-year low of C$19.25 and a 1-year high of C$23.67. The firm has a market cap of $6,280.00, a P/E ratio of 19.74 and a beta of 0.38.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.28 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.01). CAE had a net margin of 10.37% and a return on equity of 12.71%. The firm had revenue of C$704.40 million for the quarter, compared to analysts’ expectations of C$734.97 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, March 14th. CAE’s payout ratio is currently 29.06%.

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About CAE

CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.

Analyst Recommendations for CAE (TSE:CAE)

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