CAE (TSE:CAE) Posts Quarterly Earnings Results

CAE (TSE:CAE) (NYSE:CAE) released its quarterly earnings data on Thursday. The company reported C$0.34 earnings per share (EPS) for the quarter, FiscalAI reports. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

CAE Stock Performance

Shares of CAE opened at C$41.20 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The firm’s fifty day simple moving average is C$43.17 and its two-hundred day simple moving average is C$40.00. CAE has a 12 month low of C$28.98 and a 12 month high of C$47.65. The stock has a market capitalization of C$13.25 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Desjardins boosted their price objective on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Scotiabank increased their price objective on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Royal Bank Of Canada raised their target price on CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday, January 12th. Finally, TD Securities upped their price target on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and an average price target of C$48.05.

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. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.