Shares of CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$24.63 and traded as high as C$26.17. CAE shares last traded at C$26.01, with a volume of 385,801 shares.
Wall Street Analysts Forecast Growth
CAE has been the subject of several research analyst reports. Royal Bank of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Desjardins cut their price objective on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 17th. BMO Capital Markets cut their price objective on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. Canaccord Genuity Group cut their price objective on shares of CAE from C$28.50 to C$27.00 in a research report on Thursday, August 15th. Finally, National Bankshares cut their price objective on shares of CAE from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$30.60.
CAE Stock Up 0.2 %
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.21 EPS for the quarter, topping the consensus estimate of C$0.20 by C$0.01. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.05 billion.
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.
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