AltaCorp Capital reaffirmed their sector perform rating on shares of CAE (TSE:CAE) (NYSE:CAE) in a report issued on Tuesday.
Several other brokerages have also recently commented on CAE. Royal Bank of Canada upgraded CAE from a reduce rating to an outperform rating and boosted their price target for the stock from C$25.00 to C$26.00 in a research report on Monday, February 12th. Scotiabank boosted their price target on CAE from C$23.00 to C$24.00 and gave the stock an outperform rating in a research report on Monday, November 13th. Desjardins boosted their price target on CAE from C$25.00 to C$27.00 in a research report on Monday, November 13th. CIBC boosted their price target on CAE from C$23.00 to C$24.00 in a research report on Thursday, November 2nd. Finally, Raymond James Financial lowered their price objective on CAE from C$22.00 to C$21.00 and set a market perform rating on the stock in a research note on Monday, November 13th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of C$24.03.
Shares of CAE (TSE CAE) opened at C$23.51 on Tuesday. CAE has a 12-month low of C$19.44 and a 12-month high of C$23.96. The company has a market capitalization of $6,220.00, a P/E ratio of 20.09 and a beta of 0.38.
CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Friday, February 9th. The company reported C$0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.29 by C($0.01). CAE had a return on equity of 12.71% and a net margin of 10.37%. The firm had revenue of C$704.40 million for the quarter, compared to analysts’ expectations of C$734.97 million.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, March 14th. CAE’s dividend payout ratio (DPR) is currently 29.06%.
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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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