CAE Inc (NYSE:CAE) (TSE:CAE) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.67.
A number of brokerages have recently issued reports on CAE. Zacks Investment Research raised CAE from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, August 31st. BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, BidaskClub cut CAE from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th.
Several institutional investors have recently bought and sold shares of CAE. Comerica Bank boosted its holdings in shares of CAE by 1.3% during the first quarter. Comerica Bank now owns 15,399 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 203 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of CAE by 44.4% during the first quarter. Parametric Portfolio Associates LLC now owns 285,738 shares of the aerospace company’s stock worth $4,369,000 after purchasing an additional 87,821 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of CAE by 61.7% during the first quarter. JPMorgan Chase & Co. now owns 817,035 shares of the aerospace company’s stock worth $12,492,000 after purchasing an additional 311,826 shares during the period. Wellington Management Group LLP purchased a new stake in shares of CAE during the first quarter worth about $346,000. Finally, FMR LLC boosted its holdings in shares of CAE by 2.4% during the first quarter. FMR LLC now owns 3,692,900 shares of the aerospace company’s stock worth $56,427,000 after purchasing an additional 87,670 shares during the period. Institutional investors own 53.15% of the company’s stock.
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CAE (CAE) opened at 17.61 on Thursday. CAE has a one year low of $13.75 and a one year high of $17.88. The firm has a market capitalization of $4.74 billion, a P/E ratio of 23.29 and a beta of 0.87. The firm’s 50-day moving average price is $16.97 and its 200 day moving average price is $16.50.
CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings data 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 net margin of 8.96% and a return on equity of 13.24%. The company had revenue of $699.00 million for the quarter, compared to the consensus estimate of $699.76 million. During the same period last year, the business posted $0.26 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that CAE will post $0.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.071 per share. 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 1.61%. The ex-dividend date of this dividend was Thursday, September 14th. CAE’s dividend payout ratio (DPR) is 41.43%.
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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