CAE (NYSE:CAE) Given New C$43.00 Price Target at Scotiabank

CAE (NYSE:CAE – Get Rating) (TSE:CAE) had its price target reduced by investment analysts at Scotiabank from C$44.00 to C$43.00 in a research note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also commented on the stock. Desjardins decreased their price objective on shares of CAE from C$38.00 to C$37.00 in a research note on Tuesday, February 15th. National Bank Financial decreased their price objective on shares of CAE from C$45.00 to C$44.00 in a research note on Monday, February 14th. StockNews.com initiated coverage on shares of CAE in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TD Securities upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, February 15th. Finally, Zacks Investment Research upgraded shares of CAE from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and an average price target of $40.86.

NYSE CAE traded down $0.42 during trading hours on Monday, hitting $26.21. The company’s stock had a trading volume of 6,419 shares, compared to its average volume of 310,699. CAE has a 52 week low of $22.60 and a 52 week high of $34.19. The company has a market capitalization of $8.31 billion, a PE ratio of 93.64, a price-to-earnings-growth ratio of 3.52 and a beta of 1.63. The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 0.64. The company’s 50-day simple moving average is $25.66 and its two-hundred day simple moving average is $26.64.

CAE (NYSE:CAE – Get Rating) (TSE:CAE) last announced its quarterly earnings results on Friday, February 11th. The aerospace company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. CAE had a net margin of 3.23% and a return on equity of 6.49%. The business had revenue of $848.70 million for the quarter, compared to analysts’ expectations of $921.72 million. During the same quarter last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts anticipate that CAE will post 0.61 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Raymond James & Associates increased its stake in shares of CAE by 0.6% during the 3rd quarter. Raymond James & Associates now owns 77,494 shares of the aerospace company’s stock worth $2,312,000 after purchasing an additional 431 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in CAE by 53.9% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 1,239 shares of the aerospace company’s stock worth $31,000 after buying an additional 434 shares during the period. Knowledge Leaders Capital LLC boosted its holdings in CAE by 1.2% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 40,404 shares of the aerospace company’s stock worth $1,207,000 after buying an additional 481 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in CAE by 17.5% in the 4th quarter. BNP Paribas Arbitrage SA now owns 3,524 shares of the aerospace company’s stock worth $89,000 after buying an additional 524 shares during the period. Finally, Truist Financial Corp boosted its holdings in CAE by 0.6% in the 3rd quarter. Truist Financial Corp now owns 89,543 shares of the aerospace company’s stock worth $2,675,000 after buying an additional 552 shares during the period. Institutional investors own 56.85% of the company’s stock.

CAE Company Profile (Get Rating)

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.

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