CAE Inc. (TSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) has received an average rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$44.75.

A number of research analysts recently commented on CAE shares. Scotiabank boosted their price objective on shares of CAE from C$46.50 to C$49.00 in a research report on Thursday, November 13th. TD Securities lifted their target price on shares of CAE from C$44.00 to C$46.00 in a research note on Thursday, November 13th. Royal Bank Of Canada set a C$40.00 price target on shares of CAE and gave the stock a “sector perform” rating in a research note on Tuesday, November 25th. Finally, Desjardins increased their price objective on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a report on Friday, December 12th.

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CAE Stock Performance

Shares of CAE stock opened at C$45.31 on Friday. The company has a market capitalization of C$14.57 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 1.76 and a beta of 0.93. CAE has a 1-year low of C$28.98 and a 1-year high of C$45.53. 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 stock’s fifty day simple moving average is C$39.56 and its 200-day simple moving average is C$39.07.

CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, November 11th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$1.24 billion during the quarter. CAE had a negative return on equity of 7.81% and a negative net margin of 7.75%.

CAE Company Profile

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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.

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