CAE Inc. (TSE:CAE) Receives Average Recommendation of “Hold” from Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$30.60.

Several research firms have issued reports on CAE. Scotiabank boosted their price objective on shares of CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Friday. National Bankshares lowered their price objective on shares of CAE from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Royal Bank of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. BMO Capital Markets lowered their price objective on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Finally, Desjardins lowered 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 research report on Wednesday, July 17th.

CAE Stock Performance

CAE stock opened at C$25.04 on Friday. The company’s 50-day moving average price is C$24.79 and its 200-day moving average price is C$25.37. CAE has a twelve month low of C$22.28 and a twelve month high of C$31.90. 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 company has a market cap of C$7.98 billion, a PE ratio of -23.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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

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.