CAE Inc. (TSE:CAE) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned an average rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$30.90.

Several research analysts recently issued reports on CAE shares. Royal Bank of Canada cut their target price on CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 2nd. CIBC boosted their price objective on CAE from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$34.00 to C$30.00 in a research report on Wednesday, May 22nd. Desjardins cut their price objective on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. Finally, National Bankshares cut their price objective on CAE from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Tuesday.

CAE Price Performance

CAE stock opened at C$23.66 on Friday. The stock’s 50 day moving average is C$25.45 and its 200 day moving average is C$26.44. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71. The firm has a market cap of C$7.53 billion, a P/E ratio of -23.20, a P/E/G ratio of 1.76 and a beta of 1.92. CAE has a one year low of C$23.66 and a one year high of C$33.87.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Monday, May 27th. The company reported C$0.12 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.18). The business had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.18 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%. As a group, research analysts expect that CAE will post 1.2942656 EPS 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.