CAE Reaches New 12-Month High at $13.65 (CAE)
CAE (NYSE:CAE)’s share price reached a new 52-week high during mid-day trading on Tuesday, AmericanBankingNews.com reports. The stock traded as high as $13.65 and last traded at $13.28, with a volume of 86,816 shares traded. The stock had previously closed at $12.87.
A number of analysts have recently weighed in on CAE shares. Analysts at CIBC raised their price target on shares of CAE from C$12.50 to C$13.00 in a research note to investors on Thursday, November 14th. They now have a “sector perform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of CAE from C$12.00 to C$12.50 in a research note to investors on Thursday, November 14th. They now have a “market perform” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of CAE from C$13.00 to C$14.00 in a research note to investors on Thursday, November 14th. They now have an “outperform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.94.
CAE has a 52 week low of $9.60 and a 52 week high of $13.29. The stock’s 50-day moving average is $12.36 and its 200-day moving average is $11.41. The company has a market cap of $3.472 billion and a price-to-earnings ratio of 19.77.
CAE (NYSE:CAE) last posted its quarterly earnings results on Wednesday, November 13th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.15 by $0.00. The company had revenue of $487.50 million for the quarter. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts predict that CAE will post $0.67 earnings per share for the current fiscal year.
CAE Inc (NYSE:CAE) provides simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defence forces worldwide.
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