CAE Inc. (TSE:CAE) Receives C$35.56 Average PT from Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$35.56.

A number of research analysts have weighed in on the company. National Bankshares upped their target price on CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. BMO Capital Markets upped their target price on CAE from C$33.00 to C$38.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and upped their target price for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Cibc World Mkts downgraded CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, TD Securities downgraded CAE from a “buy” rating to a “hold” rating and upped their price target for the stock from C$34.00 to C$35.00 in a research note on Monday, January 6th.

CAE Stock Up 1.6 %

Shares of TSE:CAE opened at C$35.38 on Friday. CAE has a 1 year low of C$22.28 and a 1 year high of C$36.68. The company has a market cap of C$11.28 billion, a PE ratio of -33.07, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock’s 50-day moving average is C$33.37 and its 200 day moving average is C$27.84.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, November 12th. The company reported C$0.24 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.06. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. During the same quarter in the prior year, the business posted $0.27 EPS.

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.