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

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$48.05.

A number of research analysts have recently weighed in on CAE shares. Royal Bank Of Canada lifted their price target on CAE from C$40.00 to C$46.00 and gave the company a “sector perform” rating in a report on Monday, January 12th. Desjardins lifted their target price on CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research note on Friday, December 12th. CIBC upped their target price on CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. TD Securities raised their price target on shares of CAE from C$46.00 to C$53.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Scotiabank boosted their price objective on shares of CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st.

CAE Stock Down 1.4%

Shares of TSE:CAE opened at C$44.85 on Tuesday. The firm has a 50 day simple moving average of C$41.45 and a 200 day simple moving average of C$39.66. CAE has a 52 week low of C$28.98 and a 52 week high of C$47.65. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The company has a market cap of C$14.42 billion, a PE ratio of 32.98, a price-to-earnings-growth ratio of 1.76 and a beta of 0.93.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. The company had revenue of C$1.24 billion for the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%.

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.