CAE (TSE:CAE) Stock Price Down 8.9% – What’s Next?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price was down 8.9% during trading on Friday . The stock traded as low as C$33.02 and last traded at C$33.75. Approximately 528,857 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 889,554 shares. The stock had previously closed at C$37.06.

Wall Street Analyst Weigh In

Several equities analysts have commented on CAE shares. TD cut their price objective on CAE from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. TD Securities cut their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Royal Bank Of Canada dropped their price target on CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. Desjardins dropped their price target on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Stifel Nicolaus set a C$50.00 price target on CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$51.00.

CAE Stock Down 12.4%

The company has a current ratio of 0.91, a quick ratio of 0.71 and a debt-to-equity ratio of 62.81. The business has a 50-day moving average price of C$36.52 and a 200-day moving average price of C$39.52. The firm has a market cap of C$10.45 billion, a P/E ratio of 27.52, a P/E/G ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.The business had revenue of C$1.33 billion for the quarter.

CAE Company Profile

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.