CAE’s (CAE) “Hold” Rating Reiterated at CIBC
CIBC reaffirmed their hold rating on shares of CAE (NYSE:CAE) (TSE:CAE) in a research report released on Wednesday morning, AnalystRatings.com reports. They currently have a $37.00 price target on the aerospace company’s stock.
Several other brokerages have also recently issued reports on CAE. BMO Capital Markets cut CAE from an outperform rating to a market perform rating in a research note on Tuesday, May 21st. Zacks Investment Research cut CAE from a hold rating to a sell rating in a research note on Wednesday, April 10th. National Bank Financial cut CAE from an outperform rating to a sector perform rating in a research note on Friday, April 26th. Finally, Desjardins cut CAE from a buy rating to a hold rating in a research note on Tuesday, May 21st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $30.70.
Shares of NYSE:CAE opened at $25.18 on Wednesday. CAE has a 12-month low of $16.96 and a 12-month high of $27.42. The company has a market cap of $6.69 billion, a PE ratio of 26.51, a PEG ratio of 2.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.10 and a quick ratio of 0.79.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.0742 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Thursday, June 13th. CAE’s dividend payout ratio (DPR) is currently 31.58%.
Several hedge funds have recently modified their holdings of CAE. Wetherby Asset Management Inc. lifted its stake in CAE by 4.7% during the fourth quarter. Wetherby Asset Management Inc. now owns 13,276 shares of the aerospace company’s stock worth $244,000 after purchasing an additional 592 shares during the last quarter. CLARET ASSET MANAGEMENT Corp lifted its stake in CAE by 4.6% during the fourth quarter. CLARET ASSET MANAGEMENT Corp now owns 16,009 shares of the aerospace company’s stock worth $294,000 after purchasing an additional 708 shares during the last quarter. Wells Fargo & Company MN lifted its stake in CAE by 0.5% during the first quarter. Wells Fargo & Company MN now owns 217,963 shares of the aerospace company’s stock worth $4,828,000 after purchasing an additional 1,131 shares during the last quarter. Zions Bancorporation N.A. bought a new stake in CAE during the first quarter worth $28,000. Finally, Advisor Group Inc. lifted its stake in CAE by 5.4% during the first quarter. Advisor Group Inc. now owns 24,548 shares of the aerospace company’s stock worth $544,000 after purchasing an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 48.40% of the company’s stock.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's 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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