National Bankshares Downgrades CAE (TSE:CAE) to Sector Perform

CAE (TSE:CAE) (NYSE:CAE) was downgraded by research analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$38.00 price target on the stock, up from their prior price target of C$34.00. National Bankshares’ price target suggests a potential upside of 10.88% from the stock’s previous close.

A number of other equities analysts also recently commented on CAE. Scotiabank raised their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. TD Securities lowered CAE from a “buy” rating to a “hold” rating and raised their price objective for the company from C$34.00 to C$35.00 in a research report on Monday, January 6th. Canaccord Genuity Group upped their target price on CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. CIBC raised their target price on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a report on Monday, December 23rd. Finally, National Bank Financial cut CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$36.06.

CAE Price Performance

CAE stock opened at C$34.27 on Thursday. The company has a market cap of C$10.92 billion, a PE ratio of -32.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The stock has a 50-day moving average price of C$34.21 and a two-hundred day moving average price of C$28.42. CAE has a 12-month low of C$22.28 and a 12-month high of C$36.68.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.06. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. During the same quarter in the previous year, the company posted $0.27 earnings per share.

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.