CAE (TSE:CAE) Downgraded to “Sector Perform” Rating by National Bankshares

CAE (TSE:CAE) (NYSE:CAE) was downgraded by stock analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$38.00 price objective on the stock, up from their prior price objective of C$34.00. National Bankshares’ target price points to a potential upside of 7.50% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets increased their price target on CAE from C$33.00 to C$38.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. Royal Bank of Canada raised their price objective on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Cibc World Mkts cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. National Bank Financial lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Canaccord Genuity Group raised their price objective on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, CAE currently has an average rating of “Hold” and an average price target of C$36.06.

CAE Stock Up 1.1 %

Shares of TSE CAE traded up C$0.37 during mid-day trading on Thursday, reaching C$35.35. 146,862 shares of the company were exchanged, compared to its average volume of 542,262. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 74.24. The stock has a market cap of C$11.27 billion, a price-to-earnings ratio of -33.04, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 1 year low of C$22.28 and a 1 year high of C$36.68. The firm has a 50-day moving average of C$34.03 and a 200 day moving average of C$28.22.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data 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 previous year, the company posted $0.27 earnings per share.

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.