CAE Inc. (NYSE:CAE – Get Free Report) (TSE:CAE) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $28.00.
Several analysts have recently weighed in on CAE shares. Morgan Stanley downgraded CAE from an “overweight” rating to an “equal weight” rating in a report on Friday, August 16th. Canaccord Genuity Group reissued a “hold” rating on shares of CAE in a report on Wednesday, May 22nd. Jefferies Financial Group started coverage on CAE in a report on Thursday, June 6th. They issued a “hold” rating and a $21.00 target price for the company. Desjardins downgraded CAE from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Finally, Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd.
Check Out Our Latest Stock Report on CAE
Hedge Funds Weigh In On CAE
CAE Stock Up 2.4 %
Shares of NYSE CAE opened at $18.02 on Tuesday. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of -25.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.67. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.89 and a quick ratio of 0.61. The business has a 50-day moving average of $17.91 and a two-hundred day moving average of $18.89. CAE has a 1 year low of $15.95 and a 1 year high of $25.04.
CAE (NYSE:CAE – Get Free Report) (TSE:CAE) last announced its quarterly earnings results on Tuesday, August 13th. The aerospace company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. CAE had a positive return on equity of 5.96% and a negative net margin of 7.38%. CAE’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. On average, analysts forecast that CAE will post 0.86 earnings per share for the current fiscal year.
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.
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