CAE (NYSE:CAE) Sets New 52-Week High at $28.02

Cae Inc (NYSE:CAE) (TSE:CAE) reached a new 52-week high during trading on Friday . The company traded as high as $28.02 and last traded at $28.00, with a volume of 16675 shares trading hands. The stock had previously closed at $27.21.

A number of analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of DXC Technology from $88.00 to $70.00 and set an “outperform” rating for the company in a research report on Tuesday, May 21st. Desjardins downgraded shares of CAE from a “buy” rating to a “hold” rating and increased their target price for the stock from C$31.00 to C$37.00 in a research report on Tuesday, May 21st. CIBC reissued a “hold” rating and set a $37.00 target price on shares of CAE in a research report on Wednesday, May 22nd. National Bank Financial set a C$12.50 target price on shares of Dream Industrial Real Estate Invest Trst and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, Zacks Investment Research raised shares of FirstService from a “strong sell” rating to a “hold” rating and set a $110.00 target price for the company in a research report on Tuesday, June 25th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.70.

The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.83 and a current ratio of 1.12. The stock’s 50-day moving average is $26.29. The stock has a market capitalization of $7.42 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 2.68 and a beta of 0.79.

CAE (NYSE:CAE) (TSE:CAE) last issued its quarterly earnings data on Friday, May 17th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. CAE had a net margin of 9.98% and a return on equity of 14.22%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $945.05 million. During the same quarter last year, the company earned $0.37 earnings per share. CAE’s revenue for the quarter was up 41.7% on a year-over-year basis. Sell-side analysts predict that Cae Inc will post 1.04 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.0742 dividend. This represents a $0.30 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Thursday, June 13th. CAE’s dividend payout ratio (DPR) is 31.58%.

A number of large investors have recently modified their holdings of the business. Addenda Capital Inc. lifted its stake in CAE by 50.2% during the second quarter. Addenda Capital Inc. now owns 14,594 shares of the aerospace company’s stock worth $393,000 after purchasing an additional 4,876 shares during the last quarter. Hexavest Inc. bought a new stake in CAE in the second quarter valued at $3,629,000. First Trust Advisors LP bought a new stake in CAE in the first quarter valued at $449,000. FMR LLC lifted its stake in CAE by 35.6% in the first quarter. FMR LLC now owns 3,511,984 shares of the aerospace company’s stock valued at $77,816,000 after buying an additional 921,799 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in CAE by 37.5% in the first quarter. Marshall Wace North America L.P. now owns 153,074 shares of the aerospace company’s stock valued at $3,393,000 after buying an additional 41,737 shares during the last quarter. 47.13% of the stock is owned by institutional investors.

CAE Company Profile (NYSE:CAE)

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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