CAE (TSE:CAE) Rating Lowered to Sector Perform at National Bankshares

CAE (TSE:CAE) (NYSE:CAE) was downgraded by research 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’ price objective would indicate a potential upside of 10.88% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. National Bank Financial downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$34.00 to C$35.00 in a research note on Monday, January 6th. Desjardins raised CAE from a “hold” rating to a “buy” rating and upped their target price for the company from C$32.00 to C$40.00 in a research note on Monday, December 30th. CIBC raised their price target on CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a research report on Monday, December 23rd. Finally, Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a research report on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$36.06.

CAE Trading Down 2.9 %

Shares of CAE stock opened at C$34.27 on Thursday. The company has a 50-day moving average of C$34.21 and a two-hundred day moving average of C$28.42. CAE has a 12-month low of C$22.28 and a 12-month high of C$36.68. 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 cap of C$10.92 billion, a PE ratio of -32.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $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.