CAE Inc. (CAE) Reaches New 1-Year High at $13.51
CAE Inc. (NYSE:CAE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.51 and last traded at $13.41, with a volume of 16,859 shares changing hands. The stock had previously closed at $13.33.
Several equities research analysts have recently weighed in on CAE shares. TD Securities reaffirmed a “buy” rating and issued a $19.00 target price on shares of CAE in a report on Thursday. Zacks Investment Research cut shares of CAE from a “buy” rating to a “hold” rating in a research report on Tuesday, July 5th. National Bank Financial upgraded shares of CAE from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 6th. Macquarie upgraded shares of CAE from a “neutral” rating to an “outperform” rating in a research report on Friday, May 27th. Finally, BMO Capital Markets cut shares of CAE from an “outperform” rating to a “market perform” rating in a research report on Friday, May 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. CAE has an average rating of “Buy” and a consensus price target of $16.67.
The company has a market cap of $3.68 billion and a PE ratio of 20.82. The company has a 50 day moving average price of $12.77 and a 200 day moving average price of $11.83.
CAE (NYSE:CAE) last announced its earnings results on Wednesday, August 10th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.03. The business earned $651.60 million during the quarter, compared to the consensus estimate of $464.69 million. The company’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 EPS. On average, equities research analysts forecast that CAE Inc. will post $0.72 earnings per share for the current year.
A hedge fund recently raised its stake in CAE stock. State of Wisconsin Investment Board raised its position in shares of CAE Inc. (NYSE:CAE) by 70.1% during the fourth quarter, according to its most recent Form 13F 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 at the end of the most recent reporting period.