CAE (CAE) Reaches New 12-Month High at $24.07

Cae Inc (TSE:CAE) (NYSE:CAE)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$24.07 and last traded at C$23.90, with a volume of 119490 shares trading hands. The stock had previously closed at C$23.77.

CAE has been the subject of several recent research reports. Royal Bank of Canada upgraded shares of CAE from a “reduce” rating to an “outperform” rating and upped their price target for the company from C$25.00 to C$26.00 in a research report on Monday, February 12th. Scotiabank upped their price target on shares of CAE from C$24.00 to C$24.25 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, AltaCorp Capital restated a “sector perform” rating on shares of CAE in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. CAE has an average rating of “Buy” and a consensus target price of C$24.03.

The firm has a market cap of $6,400.00, a PE ratio of 20.38 and a beta of 0.34.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Friday, February 9th. The company reported C$0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.29 by C($0.01). CAE had a return on equity of 22.67% and a net margin of 17.02%. The firm had revenue of C$704.40 million for the quarter, compared to analyst estimates of C$734.97 million.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, March 14th. CAE’s dividend payout ratio (DPR) is presently 29.06%.

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About CAE

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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