CAE Inc. (TSE:CAE) Given Average Recommendation of “Hold” by Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$35.56.

A number of research firms recently commented on CAE. National Bankshares lifted their price target on shares of CAE from C$30.00 to C$34.00 in a report on Wednesday, November 13th. TD Securities cut CAE from a “buy” rating to a “hold” rating and upped their price target for the company from C$34.00 to C$35.00 in a research report on Monday, January 6th. Canaccord Genuity Group lifted their price objective on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. National Bank Financial downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Scotiabank lifted their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th.

CAE Trading Up 0.7 %

Shares of CAE stock opened at C$35.03 on Friday. The firm has a market cap of C$11.16 billion, a PE ratio of -32.74, a P/E/G ratio of 1.76 and a beta of 1.91. CAE has a 1 year low of C$22.28 and a 1 year high of C$36.68. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The stock has a fifty day moving average price of C$33.69 and a 200-day moving average price of C$27.96.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.06. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. During the same quarter in the prior year, the firm earned $0.27 earnings per share.

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.