CAE Receives Consensus Rating of “Buy” from Brokerages (NYSE:CAE)
Shares of CAE (NYSE:CAE) have received a consensus rating of “Buy” from the thirteen analysts that are presently covering the company, AmericanBankingNews.com reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $15.63.
A number of analysts have recently weighed in on CAE shares. 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, August 14th. 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, August 14th. 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, August 14th. They now have a “buy” rating on the stock.
CAE (NYSE:CAE) opened at 12.33 on Friday. CAE has a 52-week low of $10.41 and a 52-week high of $13.99. The stock has a 50-day moving average of $12.93 and a 200-day moving average of $13.22. The company has a market cap of $3.263 billion and a P/E ratio of 19.04.
CAE (NYSE:CAE) last issued its quarterly earnings data 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. On average, analysts predict that CAE will post $0.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.0638 per share. This represents a $0.26 annualized dividend and a dividend yield of 2.07%. The ex-dividend date 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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