CAE (TSE:CAE) Downgraded to “Sector Perform” Rating by National Bankshares

CAE (TSE:CAE) (NYSE:CAE) was downgraded by investment analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$38.00 price objective on the stock, up from their prior price objective of C$34.00. National Bankshares’ target price would indicate a potential upside of 7.50% from the stock’s previous close.

Several other research analysts also recently weighed in on CAE. National Bank Financial downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. CIBC upped their price objective on CAE from C$33.00 to C$37.00 and gave the stock a “neutral” rating in a report on Monday, December 23rd. Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Canaccord Genuity Group upped their price objective on CAE from C$28.00 to C$30.00 in a report on Thursday, November 14th. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and raised their target price for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, CAE presently has an average rating of “Hold” and a consensus target price of C$36.06.

CAE Stock Performance

Shares of TSE:CAE traded up C$0.37 during mid-day trading on Thursday, reaching C$35.35. 146,862 shares of the company traded hands, compared to its average volume of 542,262. The company’s 50 day moving average price is C$34.03 and its 200-day moving average price is C$28.22. The firm has a market cap of C$11.27 billion, a PE ratio of -33.04, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71. CAE has a 52 week low of C$22.28 and a 52 week high of C$36.68.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.24 earnings per share (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 quarter in the prior year, the firm 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.