CAE (TSE:CAE) Cut to “Sector Perform” at National Bankshares

National Bankshares cut shares of CAE (TSE:CAE) (NYSE:CAE) from an outperform rating to a sector perform rating in a research note published on Thursday,BayStreet.CA reports. They currently have C$38.00 price objective on the stock, up from their prior price objective of C$34.00.

Other analysts have also recently issued reports about the company. CIBC upped their price target on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research report on Monday, December 23rd. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Canaccord Genuity Group lifted their price target on shares of CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Royal Bank of Canada upped their price objective on shares of CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Finally, National Bank Financial cut shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$36.06.

CAE Trading Down 2.9 %

Shares of CAE stock opened at C$34.27 on Thursday. CAE has a 52-week low of C$22.28 and a 52-week high of C$36.68. The firm has a market capitalization of C$10.92 billion, a PE ratio of -32.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. 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 company’s fifty day moving average price is C$34.21 and its two-hundred day moving average price is C$28.44.

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

CAE Company Profile

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.