Shares of Cae Inc (NYSE:CAE) (TSE:CAE) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $30.50.
Separately, Zacks Investment Research cut CAE from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th.
Shares of NYSE:CAE traded up $0.18 during mid-day trading on Friday, reaching $22.92. The stock had a trading volume of 83,043 shares, compared to its average volume of 147,750. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $6.04 billion, a P/E ratio of 26.34, a P/E/G ratio of 2.08 and a beta of 0.94. CAE has a 1 year low of $16.96 and a 1 year high of $22.95.
CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Friday, February 8th. The aerospace company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $774.68 million. CAE had a return on equity of 13.27% and a net margin of 10.07%. CAE’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, research analysts forecast that CAE will post 0.9 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.0763 per share. This is a boost from CAE’s previous quarterly dividend of $0.08. This represents a $0.31 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, March 14th. CAE’s payout ratio is presently 34.48%.
A number of hedge funds and other institutional investors have recently modified their holdings of CAE. Parallel Advisors LLC increased its stake in CAE by 786.5% during the fourth quarter. Parallel Advisors LLC now owns 3,679 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 3,264 shares during the last quarter. First Bank & Trust bought a new stake in CAE during the first quarter worth approximately $123,000. Quadrant Capital Group LLC grew its stake in shares of CAE by 265.6% during the fourth quarter. Quadrant Capital Group LLC now owns 10,514 shares of the aerospace company’s stock valued at $186,000 after buying an additional 7,638 shares during the last quarter. Advisors Capital Management LLC bought a new position in shares of CAE during the fourth quarter valued at approximately $190,000. Finally, Addenda Capital Inc. bought a new position in shares of CAE during the first quarter valued at approximately $215,000. 49.80% of the stock is currently owned by institutional investors.
CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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