AltaCorp Capital Reaffirms Sector Perform Rating for CAE (CAE)

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%.

TRADEMARK VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/02/17/altacorp-capital-reaffirms-sector-perform-rating-for-cae-cae.html.

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.

Analyst Recommendations for CAE (TSE:CAE)

Receive News & Ratings for CAE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CAE and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply