A share price of Cae Inc. [CAE] is currently trading at $19.64, up 3.26%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAE shares have gain 6.45% over the last week, with a monthly amount glided 0.46%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, CAE closes the sale of its Healthcare business to Madison Industries. In a post published today on Yahoo Finance, (NYSE: CAE) (TSX: CAE) – CAE Inc. (CAE or the Company) today announced the closing of the sale of its Healthcare business to Madison Industries for an enterprise value of C$311 million, subject to customary adjustments. This follows CAE’s announcement on October 24, 2023, of the execution of a definitive agreement in respect of the transaction.
From an analyst’s perspective:
Cae Inc. [NYSE: CAE] stock has seen the most recent analyst activity on January 22, 2024, when Scotiabank downgraded its rating to a Sector Perform. Previously, BofA Securities downgraded its rating to Underperform on November 29, 2023. On October 25, 2023, upgrade upgraded it’s rating to Buy. Morgan Stanley upgraded its rating to a Overweight. BofA Securities upgraded its rating to Neutral for this stock on June 06, 2022. In a note dated February 15, 2022, TD Securities upgraded an Buy rating on this stock.
Cae Inc. experienced fluctuations in its stock price throughout the past year between $18.26 and $25.04. Cae Inc. [NYSE: CAE] shares were valued at $19.64 at the most recent close of the market.
Analyzing the CAE fundamentals
Trailing Twelve Months sales for Cae Inc. [NYSE:CAE] were 3.33B which represents 6.93% growth. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.22 points at the first support level, and at 18.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.89, and for the 2nd resistance point, it is at 20.15.
Cae Inc. [CAE] reported earnings per share of $0.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.2 per share as compared to estimates of $0.15 per share, a difference of $0.05 representing a surprise of 33.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cae Inc. [NYSE:CAE] is 0.90. On the other hand, the Quick Ratio is 0.68, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.88, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 30.32.
