Brokers Offer Predictions for CAE Inc.’s FY2024 Earnings (TSE:CAE)

CAE Inc. (TSE:CAE) (NYSE:CAE) – Research analysts at National Bank Financial reduced their FY2024 EPS estimates for shares of CAE in a research note issued to investors on Wednesday, May 22nd. National Bank Financial analyst C. Doerksen now anticipates that the company will earn $0.87 per share for the year, down from their previous estimate of $1.17. The consensus estimate for CAE’s current full-year earnings is $1.29 per share.

Other research analysts also recently issued research reports about the stock. Scotiabank dropped their price target on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 15th. Canaccord Genuity Group cut shares of CAE from a “buy” rating to a “hold” rating and cut their price target for the company from C$34.00 to C$30.00 in a research report on Wednesday, May 22nd. Desjardins downgraded CAE from a “buy” rating to a “hold” rating and set a C$30.00 price target for the company. in a report on Tuesday, May 21st. National Bankshares dropped their price objective on CAE from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Securities decreased their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus target price of C$31.70.

CAE Stock Performance

Shares of CAE stock opened at C$25.47 on Monday. The stock has a market capitalization of C$8.11 billion, a PE ratio of -24.97, a PEG ratio of 1.76 and a beta of 1.92. The business’s 50 day simple moving average is C$27.14 and its 200 day simple moving average is C$27.40. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71. CAE has a one year low of C$23.74 and a one year high of C$33.87.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.