Brokerages Set CAE Inc. (TSE:CAE) PT at C$30.60

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$30.60.

Several research firms have issued reports on CAE. Canaccord Genuity Group cut their target price on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. Desjardins cut their target price on CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. CIBC lifted their target price on CAE from C$29.00 to C$30.00 and gave the company 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, BMO Capital Markets dropped their price target on CAE from C$34.00 to C$33.00 in a research note on Thursday, July 18th.

CAE Stock Performance

CAE stock opened at C$24.10 on Friday. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. The business has a 50-day moving average price of C$24.30 and a 200 day moving average price of C$25.74. The company has a market capitalization of C$7.68 billion, a P/E ratio of -22.52, a PEG ratio of 1.76 and a beta of 1.91. CAE has a 1-year low of C$22.28 and a 1-year high of C$33.22.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion. As a group, equities research analysts forecast that CAE will post 1.1795998 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.