CAE Inc. (CAE) Given Consensus Recommendation of “Buy” by Brokerages
Shares of CAE Inc. (NYSE:CAE) have been assigned an average rating of “Buy” from the fourteen research firms that are presently covering the stock. Seven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.00.
Several equities analysts have commented on CAE shares. RBC Capital Markets reaffirmed an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of CAE in a report on Saturday, August 13th. Scotiabank reaffirmed a “sector perform” rating and issued a $18.50 price target (up previously from $16.75) on shares of CAE in a report on Saturday, August 13th. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, July 19th. Desjardins reaffirmed a “buy” rating and issued a $21.00 price target (up previously from $20.00) on shares of CAE in a report on Saturday, August 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 price target (up previously from $17.00) on shares of CAE in a report on Saturday, August 13th.
CAE (NYSE:CAE) traded up 1.40% on Tuesday, reaching $14.50. The company had a trading volume of 24,860 shares. The company has a 50-day moving average of $14.18 and a 200 day moving average of $12.94. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 20.48 and a beta of 0.99. CAE has a one year low of $9.34 and a one year high of $14.63.
CAE (NYSE:CAE) last posted its quarterly earnings data on Wednesday, August 10th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. CAE had a return on equity of 13.25% and a net margin of 9.76%. The business earned $651.60 million during the quarter, compared to analysts’ expectations of $464.69 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts predict that CAE will post $0.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were given a dividend of $0.0607 per share. The ex-dividend date was Tuesday, September 13th. This is a positive change from CAE’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. CAE’s dividend payout ratio is 33.80%.
Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in CAE by 37.5% in the first quarter. Royal Bank of Canada now owns 11,345,518 shares of the company’s stock worth $131,382,000 after buying an additional 3,093,986 shares during the period. Magnetar Financial LLC acquired a new stake in CAE during the first quarter worth approximately $271,000. Goldman Sachs Group Inc. raised its stake in CAE by 82.3% in the first quarter. Goldman Sachs Group Inc. now owns 828,286 shares of the company’s stock worth $9,591,000 after buying an additional 374,029 shares during the period. Aperio Group LLC raised its stake in CAE by 4.0% in the first quarter. Aperio Group LLC now owns 90,358 shares of the company’s stock worth $1,046,000 after buying an additional 3,479 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CAE by 589.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 457,464 shares of the company’s stock worth $5,499,000 after buying an additional 391,102 shares during the period. Institutional investors and hedge funds own 56.58% of the company’s stock.
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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