Trading Report: Today, Analysts Set CAE Inc. (CAE) Target Price at $18.75

Today, Analysts Set CAE Inc. (CAE) Target Price at $18.75

CAE Inc. (NYSE:CAE) (TSE:CAE) has been given an average recommendation of “Hold” by the fourteen research firms that are covering the stock. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $18.75.

A number of research analysts have commented on CAE shares. Zacks Investment Research downgraded CAE from a “buy” rating to a “sell” rating in a report on Tuesday, August 9th. TD Securities reissued a “buy” rating and issued a $19.00 price target on shares of CAE in a report on Thursday, August 11th. CIBC downgraded CAE from a “sector outperform” rating to a “sector perform” rating in a report on Friday, November 11th. RBC Capital Markets downgraded CAE from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $19.00 to $20.00 in a report on Friday, November 11th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada downgraded CAE from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $19.00 to $20.00 in a report on Friday, November 11th.

Shares of CAE (NYSE:CAE) opened at 14.53 on Tuesday. The firm’s 50-day moving average price is $14.26 and its 200-day moving average price is $13.48. CAE has a 52-week low of $9.34 and a 52-week high of $14.89. The stock has a market capitalization of $3.90 billion, a P/E ratio of 22.67 and a beta of 0.90.

CAE (NYSE:CAE) last released its earnings results on Thursday, November 10th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. CAE had a return on equity of 13.19% and a net margin of 8.90%. The company had revenue of $635.50 million for the quarter, compared to the consensus estimate of $494.02 million. During the same quarter last year, the business posted $0.18 EPS. CAE’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities analysts forecast that CAE will post $0.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a dividend of $0.0599 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, December 13th. CAE’s dividend payout ratio (DPR) is presently 36.92%.

Institutional investors have recently modified their holdings of the stock. Mondrian Investment Partners LTD boosted its position in shares of CAE by 6.4% in the second quarter. Mondrian Investment Partners LTD now owns 16,284,223 shares of the company’s stock valued at $254,197,000 after buying an additional 981,915 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CAE by 589.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 457,464 shares of the company’s stock valued at $5,499,000 after buying an additional 391,102 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CAE by 190.5% in the second quarter. Bank of New York Mellon Corp now owns 782,012 shares of the company’s stock valued at $9,455,000 after buying an additional 512,844 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of CAE by 5.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 721,698 shares of the company’s stock valued at $8,680,000 after buying an additional 34,632 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in shares of CAE during the second quarter valued at about $971,000. Institutional investors own 60.09% of the company’s stock.

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