Brokerages Set CAE Inc. (TSE:CAE) PT at C$31.10

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat reports. One 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 price target among brokers that have issued ratings on the stock in the last year is C$30.90.

CAE has been the subject of several research reports. Desjardins decreased their price objective on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. CIBC upped their price objective on CAE from C$29.00 to C$30.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Royal Bank of Canada lowered their target price on CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 2nd. Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating and cut their price target for the company from C$34.00 to C$30.00 in a research note on Wednesday, May 22nd. Finally, BMO Capital Markets lowered their price objective on shares of CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th.

CAE Stock Down 0.3 %

TSE:CAE opened at C$24.81 on Friday. The firm has a 50-day simple moving average of C$25.51 and a two-hundred day simple moving average of C$26.47. The firm has a market cap of C$7.90 billion, a P/E ratio of -24.32, a P/E/G ratio of 1.76 and a beta of 1.92. CAE has a fifty-two week low of C$23.74 and a fifty-two week high of C$33.87. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Monday, May 27th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.13% and a return on equity of 6.24%. Analysts predict that CAE will post 1.2942656 earnings per share for the current fiscal year.

About CAE

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.