CAE Upgraded to “Buy” by TheStreet (CAE)
CAE (NYSE:CAE) was upgraded by analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports.
The analysts wrote, “CAE (CAE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Shares of CAE (NYSE:CAE) traded down 0.30% during mid-day trading on Thursday, hitting $13.40. 56,264 shares of the company’s stock traded hands. CAE has a 52-week low of $9.60 and a 52-week high of $13.77. The stock has a 50-day moving average of $12.94 and a 200-day moving average of $11.74. The company has a market cap of $3.514 billion and a P/E ratio of 19.68.
CAE (NYSE:CAE) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $513.60 million for the quarter, compared to the consensus estimate of $533.16 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts predict that CAE will post $0.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0542 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, March 12th.
Several other analysts have also recently commented on the stock. Analysts at Bank of America upgraded shares of CAE from an “underperform” rating to a “buy” rating in a research note on Thursday, February 20th. Separately, analysts at CSFB raised their price target on shares of CAE from C$13.00 to C$16.00 in a research note on Friday, February 14th. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of CAE from C$14.00 to C$14.50 in a research note on Wednesday, February 12th. They now have a “hold” rating on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.64.
CAE Inc (NYSE:CAE) is engaged in providing simulation and modeling technologies and integrated training services primarily to the civil aviation industry and defense forces around the globe.
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