CAE (TSE:CAE) Trading Down 7.8%
Cae Inc (TSE:CAE) (NYSE:CAE)’s stock price fell 7.8% during mid-day trading on Wednesday . The company traded as low as C$32.60 and last traded at C$33.03, 247,463 shares were traded during trading. A decline of 55% from the average session volume of 550,790 shares. The stock had previously closed at C$35.81.
A number of brokerages have issued reports on CAE. BMO Capital Markets increased their target price on shares of CAE from C$30.00 to C$33.00 in a research report on Monday, April 29th. Raymond James increased their target price on shares of CAE from C$27.50 to C$35.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 21st. National Bank Financial upped their price target on shares of CAE from C$32.50 to C$36.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 21st. TD Securities upped their price target on shares of CAE from C$31.00 to C$34.00 and gave the stock a “hold” rating in a report on Tuesday, May 21st. Finally, CIBC upped their price target on shares of CAE from C$29.00 to C$32.00 in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CAE currently has an average rating of “Hold” and an average target price of C$34.50.
The company has a market capitalization of $9.48 billion and a price-to-earnings ratio of 25.46. The company has a current ratio of 1.12, a quick ratio of 0.79 and a debt-to-equity ratio of 96.61. The business’s 50 day moving average is C$35.65.
About CAE (TSE:CAE)
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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.
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