CAE Inc. (TSE:CAE) Receives Consensus Recommendation of "Hold" from Analysts

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has received a consensus rating of "Hold" from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$30.60.

Several research firms have recently commented on CAE. National Bankshares reduced their price target on shares of CAE from C$31.00 to C$29.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 30th. Royal Bank of Canada raised CAE from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 15th. BMO Capital Markets lowered their price target on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. Scotiabank upped their target price on shares of CAE from C$29.00 to C$30.00 and gave the company a "sector perform" rating in a research report on Friday. Finally, Canaccord Genuity Group lowered their target price on shares of CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th.

CAE Price Performance

CAE stock traded up C$0.54 during midday trading on Friday, reaching C$25.04. The stock had a trading volume of 693,283 shares, compared to its average volume of 602,714. CAE has a 52-week low of C$22.28 and a 52-week high of C$31.90. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The company's fifty day simple moving average is C$24.79 and its 200 day simple moving average is C$25.37. The company has a market cap of C$7.98 billion, a price-to-earnings ratio of -23.40, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last issued its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share for the quarter, topping the consensus estimate of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The business had revenue of C$1.07 billion for the quarter, compared to analysts' expectations of C$1.05 billion.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.