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

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average rating of “Moderate Buy” by the twelve research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$48.05.

A number of analysts recently commented on CAE shares. TD Securities boosted their target price on shares of CAE from C$46.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Desjardins lifted their price target on shares of CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Royal Bank Of Canada upped their price target on CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a report on Monday, January 12th. Scotiabank raised their price objective on CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, CIBC lifted their target price on CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st.

CAE Stock Down 1.4%

CAE opened at C$44.85 on Tuesday. 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$14.42 billion, a PE ratio of 32.98, a P/E/G ratio of 1.76 and a beta of 0.93. The stock’s fifty day moving average is C$41.45 and its 200-day moving average is C$39.66. CAE has a one year low of C$28.98 and a one year high of C$47.65.

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

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.