CAE Inc (CAE) Downgraded to “Hold” at BidaskClub

BidaskClub downgraded shares of CAE Inc (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research note released on Tuesday, July 25th.

Several other research analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of CAE from a sell rating to a hold rating in a report on Friday, June 2nd. TD Securities cut shares of CAE from a buy rating to a hold rating in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $19.14.

Shares of CAE (NYSE CAE) remained flat at $16.55 on Tuesday. 291,755 shares of the stock were exchanged. The firm has a market cap of $4.40 billion, a P/E ratio of 22.61 and a beta of 0.86. The stock’s 50 day moving average price is $17.21 and its 200-day moving average price is $15.83. CAE has a one year low of $13.57 and a one year high of $17.88.

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 Thomson Reuters’ consensus estimate of $0.19 by $0.01. CAE had a return on equity of 13.34% and a net margin of 8.96%. The business had revenue of $699 million for the quarter, compared to the consensus estimate of $699.76 million. During the same quarter in the previous year, the company earned $0.26 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Equities analysts expect that CAE will post $0.85 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.071 dividend. This is a boost from CAE’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, September 14th. CAE’s dividend payout ratio (DPR) is currently 34.29%.

Several hedge funds have recently added to or reduced their stakes in CAE. Legato Capital Management LLC boosted its stake in CAE by 1,423.6% in the first quarter. Legato Capital Management LLC now owns 7,675,571 shares of the aerospace company’s stock worth $503,766,000 after buying an additional 7,171,805 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of CAE by 17.7% in the first quarter. Mackenzie Financial Corp now owns 7,332,489 shares of the aerospace company’s stock valued at $112,114,000 after buying an additional 1,105,110 shares during the last quarter. TD Asset Management Inc. raised its position in shares of CAE by 6.0% in the second quarter. TD Asset Management Inc. now owns 6,597,892 shares of the aerospace company’s stock valued at $113,597,000 after buying an additional 376,314 shares during the last quarter. Vanguard Group Inc. raised its position in shares of CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after buying an additional 266,410 shares during the last quarter. Finally, USS Investment Management Ltd raised its position in shares of CAE by 0.7% in the first quarter. USS Investment Management Ltd now owns 4,162,928 shares of the aerospace company’s stock valued at $63,670,000 after buying an additional 28,800 shares during the last quarter. Institutional investors and hedge funds own 56.69% 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.

Analyst Recommendations for CAE (NYSE:CAE)

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