CAE Inc. (TSE:CAE) Receives Consensus Rating of “Hold” from Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$30.60.

Several research analysts have weighed in on CAE shares. National Bankshares lowered 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, July 30th. BMO Capital Markets reduced their target price on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Canaccord Genuity Group reduced their price objective on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. Finally, Desjardins lowered their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a report on Wednesday, July 17th.

CAE Stock Performance

Shares of TSE:CAE opened at C$25.35 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The stock has a market capitalization of C$8.08 billion, a P/E ratio of -23.69, a P/E/G ratio of 1.76 and a beta of 1.91. The business has a 50-day moving average price of C$24.16 and a two-hundred day moving average price of C$25.54. CAE has a 1-year low of C$22.28 and a 1-year high of C$31.90.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The firm had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.05 billion.

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.