TD Securities Raises CAE (NYSE:CAE) Price Target to $35.00

CAE (NYSE:CAE) (TSE:CAE) had its price objective increased by TD Securities from $34.00 to $35.00 in a report issued on Monday, Stock Target Advisor reports. The firm currently has a hold rating on the aerospace company’s stock.

A number of other brokerages have also commented on CAE. Zacks Investment Research lowered shares of CAE from a buy rating to a hold rating in a research note on Thursday, July 25th. Raymond James reissued a hold rating on shares of CAE in a report on Friday, August 16th. BMO Capital Markets downgraded shares of CAE from an outperform rating to a market perform rating in a report on Tuesday, May 21st. CIBC reissued a hold rating and issued a $37.00 price objective on shares of CAE in a report on Wednesday, May 22nd. Finally, Desjardins downgraded shares of CAE from a buy rating to a hold rating in a report on Tuesday, May 21st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $34.00.

Shares of CAE opened at $25.04 on Monday. CAE has a 52 week low of $16.96 and a 52 week high of $28.03. The firm has a market cap of $6.71 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82. The firm’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $24.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.87 and a current ratio of 1.20.

CAE (NYSE:CAE) (TSE:CAE) last announced its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $0.18 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.02). CAE had a net margin of 9.45% and a return on equity of 13.94%. The company had revenue of $825.60 million during the quarter, compared to analyst estimates of $849.39 million. During the same quarter last year, the company posted $0.26 EPS. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast that CAE will post 1.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.083 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.33 dividend on an annualized basis and a yield of 1.33%. This is an increase from CAE’s previous quarterly dividend of $0.07. CAE’s payout ratio is currently 31.58%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAE. Bank of Nova Scotia boosted its holdings in CAE by 3,370.2% in the 2nd quarter. Bank of Nova Scotia now owns 7,214,070 shares of the aerospace company’s stock valued at $9,973,000 after purchasing an additional 7,006,186 shares during the period. Invesco Ltd. lifted its holdings in shares of CAE by 1,080.6% during the 2nd quarter. Invesco Ltd. now owns 5,753,098 shares of the aerospace company’s stock worth $154,529,000 after acquiring an additional 5,265,791 shares during the period. FMR LLC lifted its holdings in shares of CAE by 35.6% during the 1st quarter. FMR LLC now owns 3,511,984 shares of the aerospace company’s stock worth $77,816,000 after acquiring an additional 921,799 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of CAE by 61.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,532,909 shares of the aerospace company’s stock worth $33,956,000 after acquiring an additional 583,176 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of CAE during the 1st quarter worth approximately $15,275,000. 51.67% of the stock is owned by hedge funds and other institutional investors.

CAE Company Profile

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.

Featured Story: What does the Dow Jones Industrial Average (DJIA) measure?

Analyst Recommendations for CAE (NYSE: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.