CAE Inc. (CAE) Sets New 52-Week High at $13.51
CAE Inc. (NYSE:CAE) reached a new 52-week high on Tuesday . The stock traded as high as $13.51 and last traded at $13.41, with a volume of 16,859 shares traded. The stock had previously closed at $13.33.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised CAE from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, July 19th. TheStreet raised CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. Macquarie upgraded CAE from a “neutral” rating to an “outperform” rating in a report on Friday, May 27th. TD Securities restated a “buy” rating and issued a $19.00 target price (up previously from $17.00) on shares of CAE in a report on Friday, May 20th. Finally, BMO Capital Markets lowered CAE from an “outperform” rating to a “market perform” rating in a report on Friday, May 20th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. CAE currently has a consensus rating of “Buy” and a consensus target price of $16.67.
The firm has a market cap of $3.61 billion and a P/E ratio of 20.46. The stock’s 50 day moving average is $12.72 and its 200 day moving average is $11.80.
CAE (NYSE:CAE) last issued its quarterly earnings results on Thursday, May 19th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $722.50 million for the quarter, compared to the consensus estimate of $676.55 million. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. On average, analysts predict that CAE Inc. will post $0.71 EPS for the current year.
A hedge fund recently raised its stake in CAE stock. State of Wisconsin Investment Board raised its stake in CAE Inc. (NYSE:CAE) by 70.1% during the fourth quarter, according to its most recent filing with the 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 about 0.09% of CAE worth $2,577,000 as of its most recent filing with the SEC.
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