CAE Inc. (CAE) Hits New 12-Month High at $14.29
CAE Inc. (NYSE:CAE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $14.29 and last traded at $14.19, with a volume of 30,911 shares. The stock had previously closed at $14.15.
Several equities research analysts recently issued reports on the stock. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating and raised their target price for the stock from $19.00 to $19.50 in a research report on Monday, August 15th. Scotiabank reissued a “sector perform” rating and issued a $18.50 target price (up from $16.75) on shares of CAE in a research report on Saturday, August 13th. RBC Capital Markets reissued an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of CAE in a research report on Saturday, August 13th. Macquarie reissued a “neutral” rating on shares of CAE in a research report on Saturday, August 13th. Finally, Desjardins reissued a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of CAE in a research report on Saturday, August 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $17.78.
The stock has a market cap of $3.79 billion and a P/E ratio of 19.53. The stock’s 50 day moving average price is $13.26 and its 200-day moving average price is $12.10.
CAE (NYSE:CAE) last announced its earnings results on Wednesday, August 10th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.06. During the same period in the prior year, the business posted $0.19 EPS. The firm earned $651.60 million during the quarter, compared to analyst estimates of $464.69 million. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts forecast that CAE Inc. will post $0.75 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.0607 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. This is a boost from CAE’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, September 13th.
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