CAE Inc. (NYSE:CAE) (TSE:CAE) has earned an average rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.00.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of CAE from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Royal Bank of Canada raised shares of CAE from a “sector perform” rating to an “outperform” rating in a report on Monday, February 12th. Finally, ValuEngine raised shares of CAE from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
NYSE CAE traded up $0.14 during mid-day trading on Thursday, reaching $19.62. 65,272 shares of the stock were exchanged, compared to its average volume of 249,403. CAE has a 1 year low of $15.06 and a 1 year high of $19.67. The company has a market capitalization of $5,186.97, a PE ratio of 24.66, a price-to-earnings-growth ratio of 2.01 and a beta of 0.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.23 and a current ratio of 1.52.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.071 per share. This represents a $0.28 annualized dividend and a yield of 1.45%. This is an increase from CAE’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, March 14th. CAE’s dividend payout ratio (DPR) is presently 36.71%.
CAE declared that its board has initiated a stock buyback plan on Friday, February 9th that authorizes the company to buyback 5,350,000 outstanding shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the business. Financial Gravity Companies Inc. purchased a new position in CAE during the fourth quarter valued at $132,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in CAE by 59.6% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 13,657 shares of the aerospace company’s stock valued at $255,000 after purchasing an additional 5,100 shares in the last quarter. Dean Capital Investments Management LLC purchased a new position in CAE during the fourth quarter valued at $338,000. Picton Mahoney Asset Management purchased a new position in CAE during the fourth quarter valued at $493,000. Finally, Port Capital LLC purchased a new position in CAE during the fourth quarter valued at $511,000. 52.05% of the stock is currently owned by institutional investors and hedge funds.
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CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The 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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