CAE Inc. (TSE:CAE) Receives C$48.91 Average PT from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$48.91.

Several equities analysts recently issued reports on CAE shares. TD lowered their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Scotia lowered their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 22nd. National Bank Financial lowered their price target on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. BMO Capital Markets lowered their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Finally, Stifel Nicolaus lowered their price target on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th.

CAE Trading Down 1.3%

Shares of CAE opened at C$34.65 on Monday. CAE has a 12-month low of C$31.42 and a 12-month high of C$47.65. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The firm has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 1.76 and a beta of 0.71. The stock’s 50-day moving average price is C$35.95 and its 200 day moving average price is C$39.27.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The firm had revenue of C$1.33 billion for the quarter.

About CAE

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.