Shares of CAE Inc. (NYSE:CAE) dropped 0.5% on Friday . The company traded as low as $12.25 and last traded at $12.31, with a volume of 60,268 shares. The stock had previously closed at $12.37.

Several analysts recently weighed in on the stock. Canaccord Genuity reissued a “hold” rating on shares of CAE in a research note on Monday, March 28th. TheStreet raised shares of CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, April 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of CAE in a research note on Tuesday, May 17th. Finally, Macquarie raised shares of CAE from a “neutral” rating to an “outperform” rating in a research note on Friday, May 27th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. CAE presently has an average rating of “Buy” and an average price target of $16.50.

The stock’s 50-day moving average is $12.48 and its 200-day moving average is $11.47. The stock has a market cap of $3.31 billion and a price-to-earnings ratio of 18.74.

CAE (NYSE:CAE) last posted its quarterly earnings data on Thursday, May 19th. The company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $722.50 million for the quarter, compared to analysts’ expectations of $676.55 million. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts expect that CAE Inc. will post $0.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a dividend of $0.0582 per share. This represents a $0.23 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Monday, June 13th. This is a boost from CAE’s previous quarterly dividend of $0.05.

Several hedge funds recently bought and sold shares of the stock. Bank of Montreal Can boosted its stake in CAE by 62.8% in the fourth quarter. Bank of Montreal Can now owns 1,943,354 shares of the company’s stock valued at $21,552,000 after buying an additional 749,978 shares during the period. OppenheimerFunds Inc. boosted its stake in CAE by 15.6% in the fourth quarter. OppenheimerFunds Inc. now owns 3,738,057 shares of the company’s stock valued at $41,468,000 after buying an additional 503,472 shares during the period. State of Wisconsin Investment Board boosted its stake in CAE by 70.1% in the fourth quarter. State of Wisconsin Investment Board now owns 233,206 shares of the company’s stock valued at $2,577,000 after buying an additional 96,100 shares during the period. Finally, Columbia Wanger Asset Management LLC boosted its stake in CAE by 0.8% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 3,739,758 shares of the company’s stock valued at $41,484,000 after buying an additional 31,000 shares during the period.

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