Desjardins Issues Pessimistic Forecast for CAE Earnings

CAE Inc. (TSE:CAE - Free Report) NYSE: CAE - Desjardins reduced their FY2027 earnings per share (EPS) estimates for CAE in a report released on Wednesday, May 14th. Desjardins analyst B. Poirier now anticipates that the company will post earnings of $1.53 per share for the year, down from their previous forecast of $1.62.

Other equities analysts also recently issued research reports about the stock. National Bank Financial upgraded shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 6th. Scotiabank upgraded shares of CAE from a "sector perform" rating to an "outperform" rating and upped their price objective for the company from C$40.00 to C$42.00 in a report on Thursday. BMO Capital Markets upped their target price on CAE from C$39.00 to C$40.00 in a research report on Thursday. Royal Bank of Canada lowered CAE from an "outperform" rating to a "sector perform" rating and dropped their target price for the company from C$41.00 to C$38.00 in a research report on Wednesday. Finally, National Bankshares upgraded CAE from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$40.00 to C$43.00 in a research report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$39.23.

CAE Stock Down 0.5%

Shares of CAE traded down C$0.18 during mid-day trading on Monday, hitting C$34.37. 550,318 shares of the company traded hands, compared to its average volume of 692,518. CAE has a 1-year low of C$22.28 and a 1-year high of C$39.17. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The company has a market capitalization of C$10.99 billion, a PE ratio of -32.96, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The business has a 50 day moving average of C$34.10 and a 200 day moving average of C$33.95.

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.