CAE (CAE) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS
CAE (NYSE:CAE) announced its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.02, ARN reports.
CAE has been the subject of a number of recent research reports. Analysts at CIBC raised their price target on shares of CAE from C$16.25 to C$16.75 in a research note on Tuesday, May 20th. They now have a “sector perform” rating on the stock. On the ratings front, analysts at Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research note on Tuesday, May 20th. Finally, analysts at RBC Capital raised their price target on shares of CAE from C$16.00 to C$17.00 in a research note on Friday, May 16th. They now have an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.81.
Shares of CAE (NYSE:CAE) opened at 12.68 on Wednesday. CAE has a 52 week low of $10.41 and a 52 week high of $13.99. The stock’s 50-day moving average is $13.00 and its 200-day moving average is $13.24. The company has a market cap of $3.345 billion and a P/E ratio of 19.13.
CAE Inc (NYSE:CAE) is engaged in providing simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defense forces around the globe.
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