CAE Inc. (CAE) Sees Strong Trading Volume
CAE Inc. (NYSE:CAE) saw unusually-strong trading volume on Wednesday . Approximately 141,821 shares were traded during mid-day trading, an increase of 122% from the previous session’s volume of 63,958 shares.The stock last traded at $13.06 and had previously closed at $12.93.
Several research analysts recently commented on CAE shares. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, July 19th. Macquarie raised shares of CAE from a “neutral” rating to an “outperform” rating in a research report on Friday, May 27th. TheStreet raised shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, June 8th. National Bank Financial raised shares of CAE from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 6th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $17.00 target price on shares of CAE in a research report on Tuesday, May 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. CAE presently has a consensus rating of “Buy” and an average target price of $16.67.
The company has a 50 day moving average price of $12.62 and a 200-day moving average price of $11.65. The company has a market capitalization of $3.52 billion and a P/E ratio of 20.00.
CAE (NYSE:CAE) last posted its earnings results on Thursday, May 19th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The company earned $722.50 million during the quarter, compared to analyst estimates of $676.55 million. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. On average, equities analysts anticipate that CAE Inc. will post $0.70 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a $0.0582 dividend. The ex-dividend date was Monday, June 13th. This is a boost from CAE’s previous quarterly dividend of $0.05. This represents a $0.23 dividend on an annualized basis and a yield of 1.78%.
A hedge fund recently raised its stake 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 13F filing with the 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 as of its most recent SEC filing.
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