CAE (TSE:CAE) Upgraded at National Bank Financial

National Bank Financial upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a sector perform overweight rating to an outperform overweight rating in a research note issued to investors on Monday, Zacks.com reports. National Bank Financial also issued estimates for CAE’s FY2022 earnings at $0.98 EPS.

Several other equities research analysts have also issued reports on CAE. National Bankshares raised CAE from a sector perform rating to an outperform rating and upped their price target for the company from C$41.00 to C$43.00 in a research report on Tuesday. CIBC increased their price target on CAE from C$36.00 to C$42.00 in a research note on Wednesday, March 3rd. Canaccord Genuity raised their target price on CAE from C$34.00 to C$38.00 and gave the company a na rating in a research note on Tuesday, March 2nd. TD Securities upped their target price on CAE from C$34.00 to C$40.00 and gave the company a hold rating in a report on Tuesday, March 2nd. Finally, BMO Capital Markets increased their price objective on CAE from C$42.00 to C$45.00 and gave the stock an outperform rating in a research note on Thursday, April 15th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of C$38.56.

Shares of CAE opened at C$37.06 on Monday. The business’s 50 day moving average is C$36.41 and its two-hundred day moving average is C$31.67. CAE has a 52-week low of C$18.33 and a 52-week high of C$39.44. The firm has a market cap of C$10.87 billion and a price-to-earnings ratio of 950.26. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 85.28.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Friday, February 12th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.18 by C$0.04. The business had revenue of C$832.40 million during the quarter, compared to analyst estimates of C$840.50 million. On average, equities analysts expect that CAE will post 0.98 earnings per share for the current fiscal year.

About CAE

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.

Featured Article: Understanding Specialty Certificates of Deposit

Analyst Recommendations for CAE (TSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.