National Bankshares Downgrades CAE (TSE:CAE) to Sector Perform

CAE (TSE:CAE - Get Free Report) NYSE: CAE was downgraded by analysts at National Bankshares from an "outperform" rating to a "sector perform" rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$38.00 price objective on the stock, up from their prior price objective of C$34.00. National Bankshares' price objective would indicate a potential upside of 10.88% from the stock's current price.

CAE has been the subject of several other research reports. Royal Bank of Canada upped their price target on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. National Bank Financial downgraded shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. Scotiabank lifted their target price on shares of CAE from C$30.00 to C$32.50 in a report on Thursday, November 14th. Desjardins upgraded shares of CAE from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$32.00 to C$40.00 in a research note on Monday, December 30th. Finally, BMO Capital Markets raised their price objective on shares of CAE from C$33.00 to C$38.00 and gave the company an "outperform" rating in a research report on Monday, December 23rd. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$36.06.

CAE Stock Performance

CAE stock traded down C$1.03 during midday trading on Thursday, hitting C$34.27. 1,137,639 shares of the company's stock were exchanged, compared to its average volume of 590,486. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The stock has a market cap of C$10.92 billion, a price-to-earnings ratio of -32.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. CAE has a 12-month low of C$22.28 and a 12-month high of C$36.68. The firm's 50 day simple moving average is C$34.21 and its 200 day simple moving average is C$28.42.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.18 by C$0.06. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. During the same quarter last year, the company earned $0.27 EPS.

About CAE

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.