Cae Inc (NYSE:CAE) (TSE:CAE) has been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $22.00.
A number of brokerages have recently issued reports on CAE. Zacks Investment Research downgraded CAE from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. AltaCorp Capital reiterated a “hold” rating and set a $21.00 price target on shares of CAE in a research report on Sunday, November 12th. Finally, ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th.
Shares of CAE (CAE) traded up $0.10 during midday trading on Friday, reaching $18.64. The company’s stock had a trading volume of 250,224 shares, compared to its average volume of 212,147. CAE has a fifty-two week low of $14.04 and a fifty-two week high of $19.00. The company has a current ratio of 1.69, a quick ratio of 1.34 and a debt-to-equity ratio of 0.55. The company has a market cap of $4,971.58, a P/E ratio of 24.85, a P/E/G ratio of 2.21 and a beta of 0.86.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.0709 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.52%. CAE’s dividend payout ratio (DPR) is presently 38.67%.
Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of CAE by 89.8% during the 2nd quarter. Advisor Group Inc. now owns 7,091 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 3,354 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of CAE during the 2nd quarter valued at about $248,000. Alliancebernstein L.P. boosted its position in shares of CAE by 13.1% during the 2nd quarter. Alliancebernstein L.P. now owns 22,113 shares of the aerospace company’s stock valued at $381,000 after acquiring an additional 2,568 shares during the last quarter. Port Capital LLC bought a new stake in shares of CAE during the 4th quarter valued at about $511,000. Finally, Magnetar Financial LLC boosted its position in shares of CAE by 50.3% during the 3rd quarter. Magnetar Financial LLC now owns 29,295 shares of the aerospace company’s stock valued at $513,000 after acquiring an additional 9,800 shares during the last quarter. Hedge funds and other institutional investors own 51.98% of the company’s stock.
CAE Company Profile
CAE Inc provides training for the civil aviation, defense and security, and healthcare markets. The Company designs and integrates training solutions. It operates through three segments: Civil Aviation Training Solutions, Defense and Security, and Healthcare. The Company provides training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a range of flight simulation training devices, as well as ab initio pilot training and crew sourcing services.
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