CAE Inc. (TSE:CAE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$44.75.

A number of brokerages have recently weighed in on CAE. TD Securities raised their price objective on CAE from C$44.00 to C$46.00 in a research report on Thursday, November 13th. Royal Bank Of Canada set a C$40.00 price target on CAE and gave the company a “sector perform” rating in a research note on Tuesday, November 25th. Desjardins raised their price target on CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Scotiabank upped their price objective on CAE from C$46.50 to C$49.00 in a report on Thursday, November 13th.

CAE Price Performance

CAE stock opened at C$41.74 on Friday. CAE has a one year low of C$28.98 and a one year high of C$43.47. The company’s fifty day moving average price is C$39.11 and its 200-day moving average price is C$38.80. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The company has a market capitalization of C$13.38 billion, a PE ratio of 30.69, a price-to-earnings-growth ratio of 1.76 and a beta of 1.02.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$1.24 billion during the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%.

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.