CAE Inc. (CAE) Hits New 1-Year High at $13.35
Shares of CAE Inc. (NYSE:CAE) hit a new 52-week high during trading on Friday . The company traded as high as $13.35 and last traded at $13.35, with a volume of 60,083 shares changing hands. The stock had previously closed at $13.09.
CAE has been the subject of a number of research reports. TD Securities reaffirmed a “buy” rating and set a $19.00 target price (up from $17.00) on shares of CAE in a report on Friday, May 20th. Zacks Investment Research raised shares of CAE from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, April 12th. TheStreet upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Wednesday, June 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of CAE in a research report on Tuesday, May 17th. Finally, Macquarie upgraded shares of CAE from a “neutral” rating to an “outperform” rating in a research report on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. CAE presently has a consensus rating of “Buy” and a consensus price target of $16.67.
The firm has a 50-day moving average price of $12.62 and a 200 day moving average price of $11.68. The company has a market capitalization of $3.59 billion and a PE ratio of 20.63.
CAE (NYSE:CAE) last posted its quarterly earnings results on Thursday, May 19th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $722.50 million for the quarter, compared to analysts’ expectations of $676.55 million. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. Equities research analysts expect that CAE Inc. will post $0.70 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.0582 per share. This represents a $0.23 dividend on an annualized basis and a yield of 1.75%. This is an increase from CAE’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 13th.
An institutional investor recently raised its position in CAE stock. State of Wisconsin Investment Board raised its position in 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 fund 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 0.09% of CAE worth $2,577,000 at the end of the most recent quarter.
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