The TD Securities Downgrades Cae Inc (CAE) to Hold

The TD Securities Downgrades Cae Inc (CAE) to Hold

A number of other equities analysts have also commented on CAE. Royal Bank of Canada reissued a “sector perform” rating and issued a C$20.00 price target on shares of Cae in a report on Friday, February 10th. Raymond James Financial, Inc. increased their price target on shares of Cae from C$20.00 to C$20.75 and gave the stock a “market perform” rating in a report on Wednesday, February 15th. Scotiabank raised shares of Cae from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$21.00 to C$22.00 in a report on Wednesday, February 15th. BMO Capital Markets increased their price target on shares of Cae from C$20.00 to C$22.00 and gave the stock a “market perform” rating in a report on Monday, May 29th. Finally, National Bank Financial increased their price target on shares of Cae from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$22.39.

Cae Inc (TSE:CAE) (NYSE:CAE) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday. They currently have a C$22.00 price objective on the stock, down from their prior price objective of C$23.00. TD Securities’ price target would suggest a potential upside of 0.32% from the stock’s current price.

Shares of Cae (TSE CAE) opened at 21.93 on Thursday. Cae has a 12 month low of $15.40 and a 12 month high of $22.32. The firm has a 50-day moving average of $21.30 and a 200-day moving average of $19.88. The firm has a market cap of $5.88 billion and a price-to-earnings ratio of 24.31.

Cae (TSE:CAE) last issued its quarterly earnings results on Wednesday, May 31st. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $734.70 million during the quarter, compared to the consensus estimate of $745 million. On average, analysts anticipate that Cae will post $1.08 EPS for the current year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Tuesday, June 13th.

Cae (TSE:CAE) last issued its quarterly earnings results on Wednesday, May 31st. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The company had revenue of $734.70 million during the quarter, compared to the consensus estimate of $745 million. On average, analysts anticipate that Cae will post $1.08 EPS for the current year. In other news, Director Katharine Berghuis Stevenson sold 15,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of C$21.94, for a total value of C$329,100.00.

Cae Company Profile CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TSX:CAE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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