CAE (NYSE:CAE) Receives Hold Rating from Raymond James

Raymond James reiterated their hold rating on shares of CAE (NYSE:CAE) (TSE:CAE) in a report released on Friday morning, TipRanks reports. Raymond James also issued estimates for CAE’s Q2 2020 earnings at $0.22 EPS, Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.03 EPS and FY2021 earnings at $1.14 EPS.

CAE has been the subject of a number of other research reports. BMO Capital Markets downgraded CAE from an outperform rating to a market perform rating in a report on Tuesday, May 21st. National Bank Financial downgraded CAE from an outperform rating to a sector perform rating in a report on Friday, April 26th. Desjardins downgraded CAE from a buy rating to a hold rating in a report on Tuesday, May 21st. CIBC restated a hold rating and set a $37.00 target price on shares of CAE in a report on Wednesday, May 22nd. Finally, Zacks Investment Research downgraded CAE from a buy rating to a hold rating in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. CAE has an average rating of Hold and a consensus price target of $32.50.

Shares of NYSE:CAE traded up $0.22 during trading on Friday, reaching $25.77. 214,259 shares of the company traded hands, compared to its average volume of 182,558. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 2.46 and a beta of 0.78. CAE has a 52-week low of $16.96 and a 52-week high of $28.03. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 1.03. The business’s fifty day moving average is $27.05 and its 200-day moving average is $24.16.

CAE (NYSE:CAE) (TSE:CAE) last announced its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $825.60 million for the quarter, compared to the consensus estimate of $849.39 million. CAE had a net margin of 9.45% and a return on equity of 13.94%. CAE’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. On average, sell-side analysts predict that CAE will post 1.02 earnings per share for the current fiscal year.

The company 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. This is an increase from CAE’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 12th. This represents a $0.33 dividend on an annualized basis and a yield of 1.29%. CAE’s dividend payout ratio is 31.58%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank raised its holdings in CAE by 0.3% in the first quarter. Swiss National Bank now owns 932,500 shares of the aerospace company’s stock worth $20,668,000 after purchasing an additional 2,600 shares in the last quarter. Bluestein R H & Co. bought a new position in CAE in the first quarter worth $210,000. Janus Henderson Group PLC raised its holdings in CAE by 36.5% in the first quarter. Janus Henderson Group PLC now owns 1,308,852 shares of the aerospace company’s stock worth $29,009,000 after purchasing an additional 350,037 shares in the last quarter. Henry James International Management Inc. raised its holdings in CAE by 52.2% in the first quarter. Henry James International Management Inc. now owns 239,238 shares of the aerospace company’s stock worth $5,299,000 after purchasing an additional 82,062 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in CAE by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 453,459 shares of the aerospace company’s stock worth $10,044,000 after purchasing an additional 15,733 shares in the last quarter. Institutional investors and hedge funds own 48.55% of the company’s stock.

About CAE

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.

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Analyst Recommendations for CAE (NYSE:CAE)

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