Somewhat Negative Press Coverage Unlikely to Affect CAE (CAE) Share Price

Press coverage about CAE (TSE:CAE) (NYSE:CAE) has been trending somewhat negative on Saturday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CAE earned a news sentiment score of -1.94 on their scale. InfoTrie also assigned headlines about the company an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have effected CAE’s score:

CAE has been the topic of several analyst reports. Raymond James decreased their price target on CAE from C$25.00 to C$24.50 and set a “market perform” rating on the stock in a research report on Wednesday, August 15th. BMO Capital Markets reiterated an “outperform” rating and set a C$29.00 price target on shares of CAE in a research report on Thursday, August 2nd. Finally, National Bank Financial decreased their price target on CAE from C$30.00 to C$29.00 in a research report on Friday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$27.50.

Shares of CAE traded up C$0.14 during midday trading on Friday, hitting C$24.38. 668,900 shares of the company traded hands, compared to its average volume of 506,609. CAE has a one year low of C$21.12 and a one year high of C$28.15. The company has a current ratio of 1.42, a quick ratio of 1.00 and a debt-to-equity ratio of 56.64.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Tuesday, August 14th. The company reported C$0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.27 by C($0.01). The firm had revenue of C$722.00 million during the quarter, compared to analysts’ expectations of C$730.37 million. As a group, equities research analysts forecast that CAE will post 1.35944221031804 EPS for the current year.

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About CAE

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

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