CAE Inc. (TSE:CAE) Receives Consensus Rating of “Moderate Buy” from Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has earned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$47.23.

CAE has been the subject of a number of research analyst reports. Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 17th. TD lifted their price objective on CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Bank of America reduced their target price on CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Finally, Desjardins boosted their price target on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 14th.

CAE Stock Down 0.2%

CAE opened at C$32.93 on Friday. The company has a fifty day moving average of C$34.78 and a two-hundred day moving average of C$35.46. The stock has a market capitalization of C$10.60 billion, a price-to-earnings ratio of 37.00, a PEG ratio of 1.76 and a beta of 0.57. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share (EPS) for the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%. The business had revenue of C$1.17 billion for the quarter.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.