Somewhat Critical News Coverage Unlikely to Impact CAE (CAE) Share Price

Press coverage about CAE (TSE:CAE) (NYSE:CAE) has trended somewhat negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. CAE earned a media sentiment score of -1.94 on their scale. InfoTrie also assigned news headlines about the company an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the near future.

Here are some of the news stories that may have impacted CAE’s ranking:

CAE has been the subject of several research analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a C$29.00 price objective on shares of CAE in a research note on Thursday, August 2nd. Raymond James lowered their price objective on shares of CAE from C$25.00 to C$24.50 and set a “market perform” rating for the company in a research note on Wednesday, August 15th. Finally, National Bank Financial lowered their price objective on shares of CAE from C$30.00 to C$29.00 in a research note on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$27.50.

TSE CAE traded up C$0.14 during mid-day trading on Friday, hitting C$24.38. The company’s stock had a trading volume of 668,900 shares, compared to its average volume of 506,609. CAE has a twelve month low of C$21.12 and a twelve month high of C$28.15. The company has a debt-to-equity ratio of 56.64, a current ratio of 1.42 and a quick ratio of 1.00.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Tuesday, August 14th. The company reported C$0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.01). The company had revenue of C$722.00 million for the quarter, compared to analyst estimates of C$730.37 million. On average, equities analysts expect that CAE will post 1.35944221031804 earnings per share for the current year.

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CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

Read More: Compound Annual Growth Rate (CAGR)

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