Shares of CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) have earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$33.36.
A number of research analysts have weighed in on the company. TD Securities lowered their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Morgan Stanley increased their price objective on shares of CAE from C$35.00 to C$39.00 in a research note on Wednesday, December 20th. Canaccord Genuity Group decreased their price target on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Desjardins cut their price objective on shares of CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Finally, CIBC decreased their target price on CAE from C$37.00 to C$32.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th.
Get Our Latest Stock Analysis on CAE
CAE Stock Up 0.7 %
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last announced its earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.24. The business had revenue of C$1.09 billion during the quarter, compared to analyst estimates of C$1.09 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%. Equities research analysts forecast that CAE will post 1.295977 earnings per share for the current year.
About CAE
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.
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