CAE (TSE:CAE) Lowered to Sector Perform Rating by National Bankshares

National Bankshares lowered shares of CAE (TSE:CAE) (NYSE:CAE) from an outperform rating to a sector perform rating in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has C$38.00 price target on the stock, up from their prior price target of C$34.00.

A number of other equities research analysts have also commented on CAE. Desjardins raised CAE from a “hold” rating to a “buy” rating and increased their price target for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. CIBC upped their price objective on CAE from C$33.00 to C$37.00 and gave the company a “neutral” rating in a research note on Monday, December 23rd. Scotiabank upped their price objective on CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Finally, National Bank Financial downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$36.06.

CAE Trading Up 0.9 %

TSE CAE opened at C$35.30 on Thursday. The firm has a market capitalization of C$11.25 billion, a P/E ratio of -32.99, a PEG ratio of 1.76 and a beta of 1.91. The business has a fifty day simple moving average of C$34.10 and a 200 day simple moving average of C$28.28. CAE has a 12 month low of C$22.28 and a 12 month high of C$36.68. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.24 EPS for the quarter, beating 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 period last year, the company posted $0.27 earnings per share.

About CAE

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.