CAE (TSE:CAE) Trading Up 13.1% – Still a Buy?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price was up 13.1% on Friday . The company traded as high as C$37.87 and last traded at C$37.74. Approximately 295,146 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 559,372 shares. The stock had previously closed at C$33.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CAE shares. National Bank Financial lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Canaccord Genuity Group lifted their price objective on shares of CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. Royal Bank of Canada lifted their price objective on shares of CAE from C$34.00 to C$38.00 in a research note on Wednesday, January 15th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$32.00 to C$40.00 in a research note on Monday, December 30th. Finally, Scotiabank lifted their price objective on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$36.06.

CAE Stock Performance

The company’s fifty day simple moving average is C$34.41 and its 200 day simple moving average is C$28.88. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The stock has a market capitalization of C$12.10 billion, a P/E ratio of -36.30, a P/E/G ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.06. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%. During the same quarter in the prior year, the company 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.