Cae Inc (TSE:CAE) Given Average Rating of “Hold” by Brokerages
Shares of Cae Inc (TSE:CAE) (NYSE:CAE) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$22.94.
Several equities analysts have weighed in on the stock. TD Securities raised their target price on shares of Cae from C$22.00 to C$23.00 and gave the company a “hold” rating in a report on Friday. Scotiabank raised their target price on shares of Cae from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Royal Bank Of Canada raised their target price on shares of Cae from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a report on Thursday, June 1st. Raymond James Financial, Inc. dropped their target price on shares of Cae from C$23.00 to C$22.00 and set a “market perform” rating for the company in a report on Friday. Finally, Desjardins raised their target price on shares of Cae from C$23.00 to C$25.00 in a report on Thursday, June 1st.
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Shares of Cae (TSE CAE) opened at 21.00 on Friday. The stock has a market cap of $5.64 billion and a PE ratio of 22.63. Cae has a 52 week low of $17.65 and a 52 week high of $22.86. The company’s 50-day moving average is $21.94 and its 200 day moving average is $20.89.
Cae (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Wednesday, May 31st. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Cae had a net margin of 9.50% and a return on equity of 13.56%. The firm had revenue of $734.70 million during the quarter, compared to analysts’ expectations of $745 million. Analysts forecast that Cae will post $1.08 earnings per share for the current fiscal year.
In other news, insider Andrew Arnovitz sold 3,125 shares of Cae stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of C$22.31, for a total transaction of C$69,718.75. Also, Director Katharine Berghuis Stevenson sold 15,000 shares of Cae stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$21.94, for a total transaction of C$329,100.00. Insiders have sold a total of 20,250 shares of company stock valued at $445,059 over the last 90 days.
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.
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