BMO Capital Markets upgraded shares of CAE Inc (NYSE:CAE) (TSE:CAE) from a market perform rating to an outperform rating in a research note released on Wednesday, August 30th, Marketbeat Ratings reports. The firm currently has $23.00 price target on the aerospace company’s stock. The analysts noted that the move was a valuation call.
CAE has been the subject of a number of other reports. BidaskClub cut CAE from a sell rating to a strong sell rating in a report on Friday, August 25th. Zacks Investment Research cut CAE from a buy rating to a hold rating in a report on Monday, August 14th. Finally, TD Securities cut CAE from a buy rating to a hold rating in a report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. CAE presently has a consensus rating of Hold and a consensus price target of $20.67.
Shares of CAE (CAE) traded down 0.60% during mid-day trading on Wednesday, reaching $16.65. 282,319 shares of the company’s stock were exchanged. CAE has a 52 week low of $13.72 and a 52 week high of $17.88. The stock has a 50 day moving average price of $16.61 and a 200 day moving average price of $16.11. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 22.68 and a beta of 0.87.
CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Thursday, August 10th. The aerospace company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). CAE had a return on equity of 13.24% and a net margin of 8.96%. The company had revenue of $699.00 million during the quarter, compared to analyst estimates of $699.76 million. During the same period in the previous year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that CAE will post $0.88 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.71%. This is a positive change from CAE’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, September 14th. CAE’s dividend payout ratio (DPR) is presently 34.29%.
Several large investors have recently bought and sold shares of CAE. Dimensional Fund Advisors LP boosted its position in shares of CAE by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 185,560 shares of the aerospace company’s stock worth $2,592,000 after purchasing an additional 7,531 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of CAE by 42.5% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 42,135 shares of the aerospace company’s stock worth $642,000 after purchasing an additional 12,559 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of CAE by 40.9% in the 1st quarter. Russell Investments Group Ltd. now owns 947,667 shares of the aerospace company’s stock worth $14,435,000 after purchasing an additional 274,863 shares during the last quarter. Wetherby Asset Management Inc. bought a new position in shares of CAE in the 1st quarter worth $207,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of CAE by 27.4% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 47,662 shares of the aerospace company’s stock worth $729,000 after purchasing an additional 10,240 shares during the last quarter. Institutional investors and hedge funds own 53.31% of the company’s stock.
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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