Desjardins Has Bearish Estimate for CAE FY2027 Earnings

CAE Inc. (TSE:CAE - Free Report) NYSE: CAE - Investment analysts at Desjardins cut their FY2027 earnings per share (EPS) estimates for CAE in a research note issued on Wednesday, May 14th. Desjardins analyst B. Poirier now expects that the company will post earnings of $1.53 per share for the year, down from their previous forecast of $1.62.

CAE has been the topic of a number of other reports. National Bankshares raised shares of CAE from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$40.00 to C$43.00 in a research report on Wednesday, May 7th. TD Securities upped their price objective on shares of CAE from C$39.00 to C$40.00 and gave the company a "hold" rating in a research note on Thursday. Canaccord Genuity Group cut their target price on CAE from C$40.00 to C$38.50 and set a "hold" rating on the stock in a research report on Thursday. Bank of America raised CAE from an "underperform" rating to a "neutral" rating and boosted their target price for the company from C$25.00 to C$45.00 in a report on Friday, March 7th. Finally, Royal Bank of Canada downgraded CAE from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from C$41.00 to C$38.00 in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$39.23.

CAE Stock Up 0.8%

CAE stock traded up C$0.29 during midday trading on Monday, reaching C$34.55. 704,152 shares of the company were exchanged, compared to its average volume of 693,969. The company has a market cap of C$11.05 billion, a price-to-earnings ratio of -33.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. CAE has a 1-year low of C$22.28 and a 1-year high of C$39.17. The stock's 50-day simple moving average is C$34.12 and its 200 day simple moving average is C$33.83.

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.