Scotiabank Research Analysts Lift Earnings Estimates for CAE

CAE Inc. (TSE:CAE) (NYSE:CAE) – Equities researchers at Scotiabank upped their FY2027 EPS estimates for CAE in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst K. Gupta now forecasts that the company will earn $1.26 per share for the year, up from their prior estimate of $1.21.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share (EPS) for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.The business had revenue of C$1.17 billion during the quarter.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets reduced their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from C$43.00 to C$37.00 in a report on Wednesday, July 15th. National Bank Financial cut their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. Scotia cut their price objective on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 17th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, CAE has a consensus rating of “Moderate Buy” and a consensus target price of C$48.00.

CAE Stock Performance

Shares of CAE stock opened at C$34.28 on Monday. The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The stock’s 50-day moving average is C$36.02 and its two-hundred day moving average is C$36.96. The firm has a market cap of C$11.03 billion, a P/E ratio of 38.52, a PEG ratio of 1.76 and a beta of 0.57.

Insider Activity at CAE

In other CAE news, Director Matthew Bromberg sold 64,710 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the transaction, the director directly owned 46,915 shares in the company, valued at C$1,670,174. This trade represents a 57.97% decrease in their ownership of the stock. Also, insider Pascal Grenier sold 2,434 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$86,139.26. Following the completion of the sale, the insider directly owned 21,483 shares of the company’s stock, valued at C$760,283.37. This represents a 10.18% decrease in their position. Over the last quarter, insiders sold 87,975 shares of company stock valued at $3,127,182. Insiders own 0.15% of the company’s stock.

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.