CAE (TSE:CAE) Stock Price Down 8.9% – What’s Next?

CAE Inc. (TSE:CAE) (NYSE:CAE) traded down 8.9% on Friday . The company traded as low as C$33.02 and last traded at C$33.75. 528,857 shares were traded during trading, a decline of 41% from the average session volume of 889,554 shares. The stock had previously closed at C$37.06.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. National Bank Financial upped their price objective on CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. TD Securities decreased their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Royal Bank Of Canada decreased their price objective on CAE from C$46.00 to C$42.00 in a research note on Monday, April 13th. TD decreased their price objective on CAE from C$53.00 to C$49.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. Finally, Canaccord Genuity Group upped their price objective on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Nine investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$51.00.

CAE Stock Performance

The business has a 50 day simple moving average of C$36.52 and a 200 day simple moving average of C$39.52. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. The company has a market capitalization of C$10.45 billion, a PE ratio of 27.52, a PEG ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.The company had revenue of C$1.33 billion during the quarter.

CAE Company Profile

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.