CAE Inc. (CAE) Reaches New 12-Month High at $14.37
Shares of CAE Inc. (NYSE:CAE) hit a new 52-week high on Thursday . The company traded as high as $14.37 and last traded at $14.24, with a volume of 52,952 shares. The stock had previously closed at $14.23.
A number of analysts recently weighed in on the stock. BMO Capital Markets cut shares of CAE from an “outperform” rating to a “market perform” rating in a research report on Friday, May 20th. National Bank Financial raised shares of CAE from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 6th. Scotiabank reissued a “sector perform” rating and issued a $18.50 price objective (up from $16.75) on shares of CAE in a research report on Saturday, August 13th. TD Securities reissued a “buy” rating and issued a $19.00 price objective (up from $17.00) on shares of CAE in a research report on Friday, May 20th. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $19.00 price objective (up from $18.00) on shares of CAE in a research report on Saturday, August 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.78.
The firm has a market cap of $3.81 billion and a PE ratio of 19.34. The firm has a 50 day moving average of $13.50 and a 200-day moving average of $12.25.
CAE (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $651.60 million for the quarter, compared to the consensus estimate of $464.69 million. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 EPS. Equities research analysts expect that CAE Inc. will post $0.75 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.0607 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.71%. This is an increase from CAE’s previous quarterly dividend of $0.06.
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