Cae Inc (CAE) Given Average Rating of “Hold” by Analysts

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.

CAE (NYSE:CAE) (TSE:CAE) last issued its earnings results on Friday, November 10th. The aerospace company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). CAE had a return on equity of 13.09% and a net margin of 9.55%. The company had revenue of $515.41 million during the quarter, compared to the consensus estimate of $554.83 million. equities research analysts predict that CAE will post 0.84 EPS for the current fiscal year.

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.

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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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