CAE Inc. (CAE) Trading Up 1.6%
CAE Inc. (NYSE:CAE) was up 1.6% during trading on Wednesday . The stock traded as high as $14.28 and last traded at $14.23, with a volume of 54,839 shares. The stock had previously closed at $14.00.
Several equities research analysts have recently commented on CAE shares. AltaCorp Capital restated a “sector perform” rating and issued a $18.00 price objective (up from $17.00) on shares of CAE in a research note on Saturday, August 13th. TheStreet upgraded CAE from a “hold” rating to a “buy” rating in a research note on Wednesday, June 8th. TD Securities lowered CAE from a “buy” rating to a “hold” rating and increased their price target for the stock from $19.00 to $19.50 in a research note on Monday, August 15th. Zacks Investment Research lowered CAE from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Finally, Macquarie reiterated a “neutral” rating on shares of CAE in a research note on Saturday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. CAE currently has an average rating of “Hold” and an average target price of $17.78.
The firm has a market capitalization of $3.82 billion and a PE ratio of 19.44. The company’s 50-day moving average price is $13.50 and its 200 day moving average price is $12.25.
CAE (NYSE:CAE) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $651.60 million for the quarter, compared to analyst estimates of $464.69 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. On average, analysts expect that CAE Inc. will post $0.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.0607 per share. This is a boost from CAE’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.71%.
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