CAE Inc (CAE) Given Consensus Recommendation of “Hold” by Analysts
CAE Inc (NYSE:CAE) (TSE:CAE) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.25.
A number of brokerages recently issued reports on CAE. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “sell” rating in a report on Friday, May 12th. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, BidaskClub raised shares of CAE from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th.
Institutional investors have recently bought and sold shares of the stock. World Asset Management Inc increased its position in CAE by 0.3% in the first quarter. World Asset Management Inc now owns 16,679 shares of the aerospace company’s stock valued at $255,000 after buying an additional 49 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares during the last quarter. Comerica Bank increased its position in CAE by 1.3% in the first quarter. Comerica Bank now owns 15,399 shares of the aerospace company’s stock valued at $234,000 after buying an additional 203 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in CAE by 1.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 47,788 shares of the aerospace company’s stock valued at $730,000 after buying an additional 500 shares during the last quarter. Finally, Tdam USA Inc. increased its position in CAE by 6.7% in the first quarter. Tdam USA Inc. now owns 18,995 shares of the aerospace company’s stock valued at $289,000 after buying an additional 1,200 shares during the last quarter. 57.46% of the stock is currently owned by institutional investors and hedge funds.
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Shares of CAE (NYSE CAE) remained flat at $17.69 during mid-day trading on Tuesday. 100,959 shares of the company’s stock traded hands. CAE has a 12 month low of $12.72 and a 12 month high of $17.88. The firm has a market capitalization of $4.75 billion, a PE ratio of 24.78 and a beta of 0.87. The company’s 50 day moving average price is $16.33 and its 200 day moving average price is $15.16.
CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. CAE had a net margin of 9.30% and a return on equity of 13.96%. The business had revenue of $734.70 million for the quarter, compared to the consensus estimate of $748.41 million. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts expect that CAE will post $0.85 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a yield of 1.33%. This is an increase from CAE’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 13th. CAE’s dividend payout ratio (DPR) is presently 33.80%.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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