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

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

CAE has been the subject of a number of other reports. Scotiabank raised CAE from a sector perform rating to a buy rating and set a $38.00 price target for the company in a report on Friday, August 30th. BMO Capital Markets cut shares of CAE from an outperform rating to a market perform rating in a research report on Tuesday, May 21st. Raymond James reaffirmed a hold rating on shares of CAE in a research note on Friday, August 16th. CIBC reaffirmed a hold rating and issued a $37.00 target price on shares of CAE in a research note on Wednesday, May 22nd. Finally, Desjardins lowered shares of CAE from a buy rating to a hold rating in a research report on Tuesday, May 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $34.00.

Shares of CAE stock opened at $25.26 on Monday. CAE has a 12-month low of $16.96 and a 12-month high of $28.03. The stock has a market capitalization of $6.77 billion, a P/E ratio of 26.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.82. The company has a 50-day simple moving average of $26.16 and a 200 day simple moving average of $24.70. The company has a quick ratio of 0.87, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

CAE (NYSE:CAE) (TSE:CAE) last released 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). The firm had revenue of $825.60 million during the quarter, compared to analyst estimates of $849.39 million. CAE had a net margin of 9.45% and a return on equity of 13.94%. CAE’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. On average, equities analysts anticipate that CAE will post 1.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.083 dividend. This is a boost from CAE’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 12th. This represents a $0.33 annualized dividend and a yield of 1.31%. CAE’s dividend payout ratio (DPR) is currently 31.58%.

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of CAE by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 364,192 shares of the aerospace company’s stock valued at $6,683,000 after purchasing an additional 15,246 shares during the last quarter. USS Investment Management Ltd lifted its holdings in CAE by 0.4% in the first quarter. USS Investment Management Ltd now owns 6,012,114 shares of the aerospace company’s stock valued at $133,117,000 after buying an additional 23,788 shares during the period. Mn Services Vermogensbeheer B.V. boosted its stake in CAE by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 152,373 shares of the aerospace company’s stock valued at $4,512,000 after acquiring an additional 8,000 shares during the last quarter. Cidel Asset Management Inc. boosted its stake in CAE by 7.8% in the first quarter. Cidel Asset Management Inc. now owns 202,462 shares of the aerospace company’s stock valued at $4,487,000 after acquiring an additional 14,591 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in CAE by 8.7% in the first quarter. CIBC Asset Management Inc now owns 159,615 shares of the aerospace company’s stock valued at $3,537,000 after acquiring an additional 12,834 shares during the last quarter. Hedge funds and other institutional investors own 51.67% 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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