CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$24.42 and traded as high as C$24.81. CAE shares last traded at C$24.70, with a volume of 945,544 shares trading hands.
Analyst Upgrades and Downgrades
A number of research analysts have commented on CAE shares. National Bankshares reduced their target price on CAE from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. BMO Capital Markets cut their price target on CAE from C$34.00 to C$33.00 in a report on Thursday, July 18th. CIBC upped their price objective on CAE from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 29th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 15th. Finally, Canaccord Genuity Group lowered their price target on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$30.60.
View Our Latest Stock Report on CAE
CAE Stock Up 1.4 %
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The business had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion. On average, sell-side analysts expect that CAE Inc. will post 1.1789731 EPS 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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