CAE Inc. (TSE:CAE – Get Rating) (NYSE:CAE) has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$36.35.
A number of equities research analysts have commented on the company. Royal Bank of Canada reduced their price objective on CAE from C$40.00 to C$37.00 and set an "outperform" rating for the company in a research note on Thursday, August 11th. TD Securities reduced their price objective on CAE from C$41.00 to C$34.00 and set a "buy" rating for the company in a research note on Thursday, August 11th. BMO Capital Markets reduced their price objective on CAE from C$36.00 to C$33.00 in a research note on Friday, August 26th. Scotiabank reduced their price objective on CAE from C$43.60 to C$37.50 in a research note on Thursday, August 11th. Finally, Bank of America raised CAE from an "underperform" rating to a "neutral" rating and raised their price objective for the company from C$33.00 to C$38.00 in a research note on Monday, June 6th.
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CAE Trading Up 1.6 %
Shares of CAE stock opened at C$24.53 on Monday. The company has a market cap of C$7.80 billion and a P/E ratio of 84.59. The stock has a 50 day simple moving average of C$29.35 and a two-hundred day simple moving average of C$30.94. The company has a debt-to-equity ratio of 77.80, a quick ratio of 0.74 and a current ratio of 1.06. CAE has a fifty-two week low of C$22.94 and a fifty-two week high of C$42.43.
CAE (TSE:CAE – Get Rating) (NYSE:CAE) last issued its earnings results on Wednesday, August 10th. The company reported C$0.06 earnings per share for the quarter, missing analysts' consensus estimates of C$0.22 by C($0.16). The business had revenue of C$933.30 million during the quarter, compared to analyst estimates of C$941.57 million. Research analysts forecast that CAE will post 1.38 earnings per share for the current year.
About CAE
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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.
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