CAE (TSE:CAE) Posts Earnings Results

CAE (TSE:CAE) (NYSE:CAE) posted its quarterly earnings results on Thursday. The company reported C$0.34 earnings per share for the quarter, FiscalAI reports. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

CAE Trading Down 0.4%

Shares of CAE stock opened at C$42.65 on Friday. The company has a market capitalization of C$13.71 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The business’s fifty day moving average is C$43.10 and its 200 day moving average is C$39.99. CAE has a 52-week low of C$28.98 and a 52-week high of C$47.65.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CAE. Scotiabank increased their target price on shares of CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce raised their price objective on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Royal Bank Of Canada lifted their price objective on shares of CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Monday, January 12th. TD Securities increased their target price on CAE from C$46.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Desjardins raised their price target on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$48.05.

About CAE

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.