CAE Inc. (TSE:CAE) Receives C$41.82 Consensus PT from Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$43.45.

Several research firms have recently weighed in on CAE. National Bankshares lifted their price objective on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a report on Tuesday, August 5th. TD Securities raised their price target on CAE from C$44.00 to C$46.00 in a research report on Thursday, November 13th. Finally, Scotiabank lifted their price target on CAE from C$46.50 to C$49.00 in a research note on Thursday, November 13th.

CAE Stock Up 1.4%

Shares of TSE CAE opened at C$36.51 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The business has a 50-day moving average of C$38.72 and a 200-day moving average of C$37.98. The firm has a market capitalization of C$11.74 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.76 and a beta of 1.11. CAE has a 12 month low of C$28.98 and a 12 month high of C$41.38.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. The business had revenue of C$1.24 billion for the quarter.

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.