CAE Inc. (TSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$48.15.

A number of research firms have recently weighed in on CAE. Royal Bank Of Canada raised their target price on CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a report on Monday, January 12th. Desjardins boosted their price target on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Canadian Imperial Bank of Commerce increased their price target on shares of CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Scotiabank lifted their price objective 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. Finally, TD Securities raised their target price on CAE from C$53.00 to C$54.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th.

CAE Trading Up 0.8%

TSE CAE opened at C$40.20 on Friday. The firm has a market capitalization of C$12.94 billion, a PE ratio of 34.07, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The business’s 50-day moving average price is C$43.37 and its two-hundred day moving average price is C$40.08. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. CAE has a 12 month low of C$28.98 and a 12 month high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Thursday, February 12th. The company reported C$0.34 EPS for the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

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.