Tuesday, October 22, 2024
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National Bank cuts CAE earnings forecasts

CAE Inc. (NYSE:CAEFree Report) – Analysts from National Bank Financial have revised down their Q3 2025 earnings forecast for CAE, expecting $0.20 per share instead of $0.21. The full-year earnings consensus remains at $0.86 per share. They also predict Q3 2026 earnings at $0.25 per share.

Other analysts have mixed views: StockNews.com downgraded CAE from “buy” to “hold,” while Royal Bank of Canada upgraded it from “hold” to “moderate buy.” Morgan Stanley also reduced their rating from “overweight” to “equal weight.” Currently, one analyst rates it as a sell, seven as hold, and one as buy, with an average price target of $28.00.

Check Out Our Latest Analysis on CAE

CAE Stock Performance

CAE opened at $19.19 on Monday, with a market cap of $6.12 billion. Over the past year, the stock has ranged from $15.95 to $23.24. Its 50-day moving average is $18.02, and its 200-day average is $18.61. The company reported $0.21 EPS in its last quarterly earnings, surpassing estimates of $0.20.

Institutional Investors

Several institutional investors have increased their stakes in CAE recently. Canada Pension Plan Investment Board raised its shares by 9.5%, now owning 1,033,296 shares valued at $19.19 million. Other significant increases in holdings were made by Stanley Laman Group Ltd. (20.1%) and Henry James International Management Inc. (16.0%). Currently, 67.36% of shares are held by institutional investors.

CAE Company Profile

(Get Free Report) CAE Inc. provides training and operational support solutions globally, focusing on civil aviation and defense training.

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Earnings History and Estimates for CAE

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