Brokerages Set CAE Inc (NYSE:CAE) Target Price at $19.25

CAE Inc (NYSE:CAE) (TSE:CAE) has earned a consensus rating of “Hold” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.25.

A number of research firms have commented on CAE. Zacks Investment Research upgraded shares of CAE from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TD Securities downgraded shares of CAE from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, BidaskClub upgraded shares of CAE from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th.

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Shares of CAE (CAE) remained flat at $17.69 during midday trading on Tuesday. 100,959 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $16.33 and a 200-day moving average price of $15.16. The stock has a market capitalization of $4.75 billion, a P/E ratio of 24.78 and a beta of 0.87. CAE has a 52 week low of $12.72 and a 52 week high of $17.88.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Wednesday, May 31st. The aerospace company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. CAE had a net margin of 9.30% and a return on equity of 13.96%. The firm had revenue of $734.70 million for the quarter, compared to the consensus estimate of $748.41 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Equities analysts expect that CAE will post $0.85 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were given a $0.059 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This is an increase from CAE’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.33%. CAE’s dividend payout ratio (DPR) is currently 33.80%.

A number of hedge funds have recently modified their holdings of CAE. Mckinley Capital Management LLC Delaware purchased a new stake in shares of CAE during the first quarter valued at $138,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of CAE by 0.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,557 shares of the aerospace company’s stock valued at $130,000 after buying an additional 57 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of CAE during the first quarter valued at $173,000. Wetherby Asset Management Inc. purchased a new stake in shares of CAE during the first quarter valued at $207,000. Finally, Schroder Investment Management Group purchased a new stake in shares of CAE during the first quarter valued at $285,000. Hedge funds and other institutional investors own 57.46% of the company’s stock.

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.

Analyst Recommendations for CAE (NYSE:CAE)

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