CAE Inc. (CAE) Sets New 12-Month High at $13.98
CAE Inc. (NYSE:CAE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $13.98 and last traded at $13.94, with a volume of 59,412 shares traded. The stock had previously closed at $13.62.
CAE has been the subject of a number of research analyst reports. National Bank Financial raised shares of CAE from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of CAE in a research report on Tuesday, May 17th. BMO Capital Markets cut shares of CAE from an “outperform” rating to a “market perform” rating in a research report on Friday, May 20th. TD Securities reaffirmed a “buy” rating and set a $19.00 price objective (up from $17.00) on shares of CAE in a research report on Friday, May 20th. Finally, Macquarie raised shares of CAE from a “neutral” rating to an “outperform” rating in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.78.
The company has a market capitalization of $3.75 billion and a price-to-earnings ratio of 19.73. The company’s 50-day moving average price is $12.88 and its 200-day moving average price is $11.92.
CAE (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The company earned $651.60 million during the quarter, compared to analysts’ expectations of $464.69 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, analysts expect that CAE Inc. will post $0.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.0607 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.74%. This is a boost from CAE’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, September 13th.
An institutional investor recently raised its position in CAE stock. State of Wisconsin Investment Board increased its position in shares of CAE Inc. (NYSE:CAE) by 70.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 233,206 shares of the company’s stock after buying an additional 96,100 shares during the period. State of Wisconsin Investment Board owned approximately 0.09% of CAE worth $2,577,000 at the end of the most recent quarter.
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