AltaCorp Capital Reaffirms “Hold” Rating for CAE Inc (CAE)
AltaCorp Capital reissued their hold rating on shares of CAE Inc (NYSE:CAE) (TSE:CAE) in a report released on Sunday. AltaCorp Capital currently has a $21.00 price objective on the aerospace company’s stock.
A number of other research analysts also recently weighed in on the company. 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. BidaskClub downgraded CAE from a sell rating to a strong sell rating in a research note on Friday, August 25th. Finally, BMO Capital Markets raised CAE from a market perform rating to an outperform rating and set a $23.00 price target on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $21.33.
CAE (CAE) opened at $17.45 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.58 and a debt-to-equity ratio of 0.56. CAE has a one year low of $13.75 and a one year high of $18.25. The firm has a market capitalization of $4,726.10, a P/E ratio of 22.53, a P/E/G ratio of 2.05 and a beta of 0.89.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.0709 dividend. This represents a $0.28 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, December 14th. CAE’s dividend payout ratio is currently 38.67%.
Several large investors have recently made changes to their positions in the company. Account Management LLC grew its holdings in shares of CAE by 0.5% during the 2nd quarter. Account Management LLC now owns 197,550 shares of the aerospace company’s stock worth $3,406,000 after purchasing an additional 1,000 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in shares of CAE by 0.6% during the 2nd quarter. State of Wisconsin Investment Board now owns 286,706 shares of the aerospace company’s stock worth $4,936,000 after purchasing an additional 1,700 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in shares of CAE by 1.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 164,753 shares of the aerospace company’s stock worth $2,837,000 after purchasing an additional 2,200 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of CAE by 13.1% during the 2nd quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock worth $381,000 after purchasing an additional 2,568 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of CAE by 38.1% during the 2nd quarter. US Bancorp DE now owns 12,012 shares of the aerospace company’s stock worth $207,000 after purchasing an additional 3,311 shares in the last quarter. 53.03% of the stock is currently owned by institutional investors.
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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