Cae Inc (CAE) Lifted to “Outperform” at BMO Capital Markets
BMO Capital Markets upgraded shares of Cae Inc (TSE:CAE) (NYSE:CAE) from a market perform rating to an outperform rating in a research report released on Wednesday morning. BMO Capital Markets currently has C$23.00 target price on the stock.
CAE has been the subject of several other research reports. TD Securities upped their price objective on shares of Cae from C$22.00 to C$23.00 and gave the company a hold rating in a research note on Friday, August 11th. Scotiabank upped their price objective on shares of Cae from C$22.00 to C$23.00 and gave the company an outperform rating in a research note on Thursday, June 1st. Royal Bank Of Canada upped their price objective on shares of Cae from C$22.00 to C$23.00 and gave the company a sector perform rating in a research note on Thursday, June 1st. Raymond James Financial, Inc. decreased their price objective on shares of Cae from C$23.00 to C$22.00 and set a market perform rating for the company in a research note on Friday, August 11th. Finally, Desjardins upped their price objective on shares of Cae from C$23.00 to C$25.00 in a research note on Thursday, June 1st. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of C$23.06.
Shares of Cae (TSE CAE) opened at 20.46 on Wednesday. The firm’s 50-day moving average price is $21.11 and its 200-day moving average price is $21.09. The firm has a market cap of $5.50 billion and a PE ratio of 22.26. Cae has a 12 month low of $17.85 and a 12 month high of $22.86.
Cae (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Wednesday, May 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. Cae had a net margin of 9.36% and a return on equity of 12.53%. The company had revenue of $734.70 million during the quarter, compared to the consensus estimate of $745 million. Analysts expect that Cae will post $1.07 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.09 per share. This is an increase from Cae’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.36 annualized dividend and a dividend yield of 1.76%.
In other news, insider Andrew Arnovitz sold 3,125 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of C$22.31, for a total transaction of C$69,718.75.
Cae Company Profile
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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