CAE (USA) (CAE) is Upgraded by National Bank Financial to Outperform

CAE (USA) (CAE) was Upgraded by National Bank Financial to ” Outperform”. Earlier the firm had a rating of “Sector Perform ” on the company shares. National Bank Financial advised their investors in a research report released on May 6, 2016.

On the company’s financial health, CAE (USA) reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $0.21. The company had revenue of $616.30 million for the quarter, compared to analysts expectations of $624.77 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

CAE (USA) opened for trading at $11.42 and hit $11.56 on the upside on Wednesday, eventually ending the session at $11.56, with a gain of 0.43% or 0.05 points. The heightened volatility saw the trading volume jump to 57,698 shares. Company has a market cap of $3,120 M.

CAE Inc. provides training for the civil aviation defense and security and healthcare markets. The Company designs and integrates training solutions. The Company operates through three segments: Civil Aviation Training Solutions Defense and Security and Healthcare. It provides integrated training solutions to three markets such as the civil aviation market which includes aircraft manufacturers commercial airlines regional airlines business aircraft operators civil helicopter operators third-party training centers flight training organizations maintenance repair and overhaul organizations and aircraft finance leasing companies; the defense and security market which includes defense forces original equipment manufacturers (OEMs) government agencies and public safety organizations and the healthcare market which includes hospital and university simulation centers medical and nursing schools paramedic organizations defense forces medical societies and OEMs.


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