CAE (TSE:CAE – Get Free Report) (NYSE:CAE) posted its quarterly earnings results on Thursday. The company reported C$0.42 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$1.33 billion during the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.
CAE Trading Up 0.9%
Shares of CAE stock opened at C$37.06 on Friday. The stock has a market cap of C$11.93 billion, a P/E ratio of 31.41, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. CAE has a 1 year low of C$34.08 and a 1 year high of C$47.65. 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 stock has a 50 day simple moving average of C$36.52 and a 200 day simple moving average of C$39.52.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. 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. Desjardins lowered 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. Canaccord Genuity Group boosted their price target on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, National Bank Financial boosted their price target on CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$51.00.
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.
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