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

CAE Inc. (TSE:CAE) (NYSE:CAE) has earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$49.70.

A number of equities analysts recently weighed in on the company. Desjardins lifted their price target on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Royal Bank Of Canada increased their price objective on CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Monday, January 12th. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the company a “buy” rating in a research note on Wednesday, March 4th. Canaccord Genuity Group upgraded CAE from a “hold” rating to a “buy” rating and upped their price target for the stock from C$38.00 to C$49.00 in a research note on Friday, March 13th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st.

CAE Stock Up 0.8%

CAE stock opened at C$38.53 on Wednesday. CAE has a 12 month low of C$28.98 and a 12 month high of C$47.65. The firm has a market cap of C$12.40 billion, a PE ratio of 32.65, a P/E/G ratio of 1.76 and a beta of 0.56. The firm has a 50 day simple moving average of C$42.52 and a 200 day simple moving average of C$40.25. The company has a debt-to-equity ratio of 62.81, a current ratio of 0.91 and a quick ratio of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share (EPS) for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.

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.