CAE Inc. (TSE:CAE – Free Report) (NYSE:CAE) – Equities research analysts at National Bank Financial lowered their FY2024 EPS estimates for shares of CAE in a report released on Tuesday, November 14th. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $1.20 for the year, down from their prior forecast of $1.21. The consensus estimate for CAE’s current full-year earnings is $1.16 per share. National Bank Financial also issued estimates for CAE’s FY2025 earnings at $1.47 EPS.
A number of other brokerages also recently weighed in on CAE. TD Securities cut their price target on shares of CAE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Wednesday. Scotiabank cut their price target on shares of CAE from C$38.00 to C$36.50 and set an “outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada cut their price target on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday. BMO Capital Markets raised their target price on shares of CAE from C$35.00 to C$37.00 in a report on Thursday, August 10th. Finally, National Bankshares dropped their target price on shares of CAE from C$38.00 to C$36.00 and set an “outperform” rating on the stock in a report on Wednesday. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$36.15.
CAE Stock Performance
Shares of TSE:CAE opened at C$28.49 on Thursday. The company has a market capitalization of C$9.06 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 1.76 and a beta of 1.97. The firm’s 50 day simple moving average is C$30.74 and its 200 day simple moving average is C$30.14. The company has a debt-to-equity ratio of 72.45, a current ratio of 1.03 and a quick ratio of 0.71. CAE has a fifty-two week low of C$25.44 and a fifty-two week high of C$33.87.
CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.
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