Cae Inc (CAE) Set to Announce Earnings on Friday
Cae Inc (TSE:CAE) (NYSE:CAE) will post its quarterly earnings results before the market opens on Friday, November 10th. Analysts expect Cae to post earnings of C$0.24 per share for the quarter.
Cae Inc (TSE:CAE) opened at C$22.93 on Wednesday. Cae Inc has a 52 week low of C$18.35 and a 52 week high of C$23.39.
A number of analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Cae from C$23.00 to C$24.00 and gave the company a “sector perform” rating in a report on Monday. CIBC boosted their price objective on shares of Cae from C$23.00 to C$24.00 in a report on Thursday, November 2nd. BMO Capital Markets raised shares of Cae from a “market perform” rating to an “outperform” rating and set a C$23.00 price objective for the company in a report on Wednesday, August 30th. TD Securities boosted their price objective on shares of Cae from C$22.00 to C$23.00 and gave the company a “hold” rating in a report on Friday, August 11th. Finally, Raymond James Financial, Inc. cut their price objective on shares of Cae from C$23.00 to C$22.00 and set a “market perform” rating for the company in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$23.50.
In other Cae news, insider Nick Leontidis acquired 4,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was purchased at an average price of C$21.83 per share, with a total value of C$87,320.00.
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CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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