CAE (CAE) to Release Earnings on Monday

CAE (TSE:CAE) (NYSE:CAE) is scheduled to announce its earnings results after the market closes on Monday, May 27th. Analysts expect the company to announce earnings of C$0.42 per share for the quarter.

CAE Stock Down 1.3 %

TSE:CAE opened at C$25.47 on Friday. CAE has a twelve month low of C$23.74 and a twelve month high of C$33.87. The firm has a market capitalization of C$8.11 billion, a price-to-earnings ratio of -24.97, a price-to-earnings-growth ratio of 1.76 and a beta of 1.92. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 67.89. The stock’s 50 day moving average price is C$27.17 and its two-hundred day moving average price is C$27.45.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CAE shares. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating and set a C$30.00 target price on the stock. in a report on Tuesday. Scotiabank dropped their target price on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating on the stock in a report on Thursday, February 15th. BMO Capital Markets cut their target price on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating for the company in a research note on Wednesday. National Bankshares lowered their price target on CAE from C$32.00 to C$31.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group cut CAE from a “buy” rating to a “hold” rating and cut their price objective for the company from C$34.00 to C$30.00 in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$31.70.

About CAE

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.