CAE (TSE:CAE) Issues Earnings Results

CAE (TSE:CAE) (NYSE:CAE) issued its quarterly earnings data on Thursday. The company reported C$0.34 EPS for the quarter, FiscalAI reports. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

CAE Price Performance

Shares of TSE CAE traded down C$0.18 during trading hours on Thursday, hitting C$42.65. 752,835 shares of the stock were exchanged, compared to its average volume of 751,442. The company’s fifty day simple moving average is C$43.01 and its two-hundred day simple moving average is C$39.97. The company has a market cap of C$13.71 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. CAE has a 1-year low of C$28.98 and a 1-year high of C$47.65.

Analyst Upgrades and Downgrades

CAE has been the topic of a number of recent research reports. TD Securities raised their price target on shares of CAE from C$46.00 to C$53.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Royal Bank Of Canada increased their target price on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Monday, January 12th. Scotiabank lifted their price target on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce boosted their price target on CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Finally, Desjardins raised their price objective on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, CAE has a consensus rating of “Moderate Buy” and an average target price of C$48.05.

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. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.