Desjardins Analysts Boost Earnings Estimates for CAE Inc. (TSE:CAE)

CAE Inc. (TSE:CAE) (NYSE:CAE) – Equities researchers at Desjardins raised their FY2024 EPS estimates for shares of CAE in a note issued to investors on Wednesday, November 15th. Desjardins analyst B. Poirier now forecasts that the company will earn $1.22 per share for the year, up from their prior forecast of $1.18. Desjardins currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for CAE’s current full-year earnings is $1.20 per share. Desjardins also issued estimates for CAE’s FY2026 earnings at $1.71 EPS.

Other analysts also recently issued reports about the stock. Royal Bank of Canada reduced their target price on shares of CAE from C$37.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. TD Securities reduced their target price on shares of CAE from C$39.00 to C$38.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. BMO Capital Markets increased their price objective on shares of CAE from C$35.00 to C$37.00 in a research report on Thursday, August 10th. National Bankshares cut their price objective on shares of CAE from C$38.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Finally, CIBC increased their price objective on shares of CAE from C$37.00 to C$38.00 in a research report on Thursday, August 10th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$36.15.

CAE Stock Up 0.1 %

TSE:CAE opened at C$28.86 on Monday. The firm’s 50-day moving average price is C$30.51 and its 200-day moving average price is C$30.11. The company has a market capitalization of C$9.19 billion, a PE ratio of 30.70, a P/E/G ratio of 1.76 and a beta of 1.97. The company has a debt-to-equity ratio of 71.38, a current ratio of 0.94 and a quick ratio of 0.71. CAE has a 1-year low of C$25.44 and a 1-year high of C$33.87.

CAE Company Profile

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.