CAE (CAE) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of CAE (NYSE:CAE) (TSE:CAE) from a hold rating to a buy rating in a report released on Tuesday morning. They currently have $21.00 price objective on the aerospace company’s stock.

According to Zacks, “CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. The Company design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers. “

Separately, ValuEngine cut shares of CAE from a buy rating to a hold rating in a research report on Tuesday, August 14th.

CAE stock opened at $18.74 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.52. CAE has a twelve month low of $16.84 and a twelve month high of $21.70. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.00 and a beta of 0.66.

CAE (NYSE:CAE) (TSE:CAE) last posted its quarterly earnings data on Tuesday, August 14th. The aerospace company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.06. CAE had a net margin of 12.36% and a return on equity of 13.48%. The business had revenue of $722.00 million for the quarter, compared to analysts’ expectations of $729.04 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts anticipate that CAE will post 0.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were given a dividend of $0.077 per share. This is a boost from CAE’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.31 dividend on an annualized basis and a yield of 1.64%. CAE’s payout ratio is 35.63%.

Hedge funds have recently bought and sold shares of the business. RNC Capital Management LLC bought a new position in CAE during the second quarter valued at $208,000. Financial Gravity Wealth Inc. bought a new position in CAE during the first quarter valued at $210,000. Tower Research Capital LLC TRC increased its position in CAE by 3,246.2% during the second quarter. Tower Research Capital LLC TRC now owns 10,641 shares of the aerospace company’s stock valued at $222,000 after acquiring an additional 10,323 shares during the last quarter. Citadel Advisors LLC increased its position in CAE by 55.3% during the first quarter. Citadel Advisors LLC now owns 16,940 shares of the aerospace company’s stock valued at $315,000 after acquiring an additional 6,033 shares during the last quarter. Finally, Global Financial Private Capital LLC bought a new position in CAE during the second quarter valued at $371,000. Institutional investors and hedge funds own 48.89% of the company’s stock.

CAE Company Profile

CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates through 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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