CAE (CAE) Reaches New 52-Week High at $23.67
Cae Inc (TSE:CAE) (NYSE:CAE) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$23.67 and last traded at C$23.49, with a volume of 192852 shares. The stock had previously closed at C$23.53.
CAE has been the topic of several recent research reports. Royal Bank of Canada increased their target price on shares of CAE from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Monday, November 6th. CIBC increased their target price on shares of CAE from C$23.00 to C$24.00 in a report on Thursday, November 2nd. Raymond James Financial dropped their target price on shares of CAE from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a report on Monday, November 13th. Scotiabank increased their target price on shares of CAE from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a report on Monday, November 13th. Finally, Desjardins increased their target price on shares of CAE from C$25.00 to C$27.00 in a report on Monday, November 13th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. CAE presently has a consensus rating of “Buy” and a consensus target price of C$23.75.
The company has a market cap of $6,320.00, a price-to-earnings ratio of 23.98 and a beta of 0.48.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 29th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Thursday, December 14th. CAE’s payout ratio is 33.67%.
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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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