CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$26.41 and traded as high as C$26.69. CAE shares last traded at C$26.58, with a volume of 3,055,256 shares changing hands.
Wall Street Analysts Forecast Growth
CAE has been the subject of a number of recent analyst reports. CIBC upped their price target 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. Desjardins decreased their price target on shares of CAE from C$30.00 to C$29.00 and set a “hold” rating on the stock in a research note on Wednesday, May 29th. BMO Capital Markets dropped their price target on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. National Bankshares dropped their price objective on CAE from C$32.00 to C$31.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group downgraded CAE from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$34.00 to C$30.00 in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$31.40.
View Our Latest Research Report on CAE
CAE Stock Performance
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last posted its quarterly earnings results on Monday, May 27th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.30 by C($0.18). CAE had a net margin of 6.13% and a return on equity of 6.24%. The business had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.18 billion. As a group, equities research analysts predict that CAE Inc. will post 1.2942656 earnings per share for the current 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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