CAE Receives Average Recommendation of “Buy” from Analysts (NYSE:CAE)
CAE (NYSE:CAE) has received a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the company, Stock Ratings Network.com reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.63.
A number of research firms have recently commented on CAE. Analysts at CIBC cut their price target on shares of CAE from C$16.75 to C$16.25 in a research note on Thursday. Separately, analysts at Raymond James cut their price target on shares of CAE from C$16.00 to C$14.50 in a research note on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Desjardins cut their price target on shares of CAE from C$17.00 to C$16.00 in a research note on Thursday. They now have a “buy” rating on the stock.
CAE (NYSE:CAE) traded down 1.04% during mid-day trading on Friday, hitting $12.33. 1,622 shares of the company’s stock traded hands. CAE has a one year low of $10.41 and a one year high of $13.99. The stock’s 50-day moving average is $12.97 and its 200-day moving average is $13.2. The company has a market cap of $3.221 billion and a P/E ratio of 19.26.
CAE (NYSE:CAE) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.17 by $0.02. Analysts expect that CAE will post $0.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.0638 per share. This represents a $0.26 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, September 11th.
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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