CAE Inc. (TSE:CAE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$32.80.

A number of research analysts recently weighed in on CAE shares. Desjardins lowered their price objective on shares of CAE from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. TD Securities lowered their price target on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Canaccord Genuity Group cut their price objective on CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, February 15th. CIBC lowered their target price on CAE from C$37.00 to C$32.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, Scotiabank cut their price target on CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Thursday, February 15th.

CAE Stock Up 2.5 %

CAE stock opened at C$26.06 on Wednesday. The stock has a market capitalization of C$8.29 billion, a P/E ratio of 30.30, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71. CAE has a 1-year low of C$24.75 and a 1-year high of C$33.87. The business has a fifty day moving average price of C$26.49 and a 200-day moving average price of C$27.76.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.24. The business had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.09 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%. Equities analysts forecast that CAE will post 1.2964371 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.