CAE Inc. (TSE:CAE) Given Average Recommendation of “Moderate Buy” by Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$33.36.

CAE has been the subject of a number of research analyst reports. TD Securities lowered their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, February 15th. Canaccord Genuity Group decreased their price target on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Morgan Stanley increased their price objective on shares of CAE from C$35.00 to C$39.00 in a research report on Wednesday, December 20th. CIBC dropped their price target on CAE from C$37.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Desjardins reduced their price objective on CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Thursday, February 15th.

CAE Trading Up 0.7 %

TSE:CAE opened at C$27.97 on Friday. CAE has a 52 week low of C$24.75 and a 52 week high of C$33.87. The firm’s fifty day moving average is C$26.76 and its 200-day moving average is C$28.48. The firm has a market cap of C$8.90 billion, a P/E ratio of 32.52, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.24. The firm had revenue of C$1.09 billion during the quarter, compared to the consensus estimate of C$1.09 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%. Equities analysts expect that CAE will post 1.295977 earnings per share for the current year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.