CAE (CAE) Reaches New 12-Month High at $23.67

Cae Inc (TSE:CAE) (NYSE:CAE)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$23.67 and last traded at C$23.49, with a volume of 192852 shares traded. The stock had previously closed at C$23.53.

A number of equities analysts have weighed in on the stock. Raymond James Financial dropped their price target on shares of CAE from C$22.00 to C$21.00 and set a “market perform” rating for the company in a research report on Monday, November 13th. CIBC upped their target price on shares of CAE from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Desjardins upped their target price on shares of CAE from C$25.00 to C$27.00 in a research report on Monday, November 13th. Scotiabank upped their target price on shares of CAE from C$23.00 to C$24.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Finally, Royal Bank of Canada upped their target price on shares of CAE from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a research report on Monday, November 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$23.75.

The company has a market cap of $6,320.00, a P/E ratio of 23.98 and a beta of 0.48.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 29th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Thursday, December 14th. CAE’s dividend payout ratio is currently 33.67%.

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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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