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

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$30.60.

CAE has been the subject of a number of recent analyst reports. Desjardins decreased their target price on 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. Canaccord Genuity Group decreased their target price on CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Royal Bank of Canada raised CAE from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 15th. CIBC boosted their target price on CAE from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 29th. Finally, National Bankshares decreased their target price on 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.

CAE Price Performance

CAE opened at C$24.10 on Friday. The stock has a 50-day moving average price of C$24.30 and a 200-day moving average price of C$25.74. 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 firm has a market cap of C$7.68 billion, a PE ratio of -22.52, 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$33.22.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.01. The firm had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.05 billion. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. Sell-side analysts predict that CAE will post 1.1795998 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.