Scotiabank Reaffirms Their Buy Rating on CAE Inc (CAE)
According to The Fly, scotiabank analyst Turan Quettawala reiterated a Buy rating on CAE Inc (CAE) yesterday. The company’s shares closed yesterday at $20.27.
According to TipRanks.com, Quettawala is a 3-star analyst with an average return of 1.9% and a 62.4% success rate. Quettawala covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.
CAE Inc has an analyst consensus of Moderate Buy.
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Based on CAE Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $46.44 million. In comparison, last year the company had a net profit of $52.02 million.
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CAE, Inc. engages in the provision of simulation and modeling technologies and training services to the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare.