Are Cae Inc. (CAE) stocks a prudent buy?

Cae Inc. [CAE] stock is trading at $18.04, up 2.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CAE shares have gain 1.41% over the last week, with a monthly amount glided 10.74%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Cae Inc. [NYSE: CAE] stock has seen the most recent analyst activity on August 16, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight. Previously, Jefferies started tracking the stock with Hold rating on June 06, 2024, and set its price target to $21. On May 22, 2024, downgrade downgraded it’s rating to Hold. Desjardins downgraded its rating to a Hold. Scotiabank downgraded its rating to a Sector Perform. BofA Securities downgraded its rating to Underperform for this stock on November 29, 2023. In a note dated October 25, 2023, Canaccord Genuity upgraded an Buy rating on this stock.

Cae Inc. [CAE] stock has fluctuated between $15.95 and $25.04 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Cae Inc. [NYSE: CAE] shares were valued at $18.04 at the most recent close of the market. An investor can expect a potential return of 16.41% based on the average CAE price forecast.

Analyzing the CAE fundamentals

Cae Inc. [NYSE:CAE] reported sales of 3.23B for the trailing twelve months, which represents a drop of -0.16%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.08 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.

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 17.69 points at the first support level, and at 17.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.24, and for the 2nd resistance point, it is at 18.45.

Ratios To Look Out For

For context, Cae Inc.’s Current Ratio is 0.89. Also, the Quick Ratio is 0.61, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 1.78, the price to book ratio is 1.82.

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