CAE (CAE) Cut to Hold at ValuEngine

ValuEngine cut shares of CAE (NYSE:CAE) (TSE:CAE) from a buy rating to a hold rating in a research note published on Thursday morning.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of CAE from a hold rating to a buy rating and set a $20.00 target price on the stock in a research note on Tuesday, November 14th. AltaCorp Capital reissued a hold rating and set a $21.00 target price on shares of CAE in a research note on Sunday, November 12th. BMO Capital Markets raised shares of CAE from a market perform rating to an outperform rating and set a $23.00 target price on the stock in a research note on Wednesday, August 30th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of CAE from a sell rating to a strong sell rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $21.33.

Shares of CAE (CAE) traded up $0.18 during midday trading on Thursday, reaching $17.87. 322,308 shares of the company traded hands, compared to its average volume of 261,415. The company has a market capitalization of $4,791.91, a price-to-earnings ratio of 22.91, a PEG ratio of 2.13 and a beta of 0.87. CAE has a fifty-two week low of $13.75 and a fifty-two week high of $18.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.34 and a current ratio of 1.69.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.0709 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Thursday, December 14th. CAE’s dividend payout ratio (DPR) is 38.67%.

Several hedge funds have recently made changes to their positions in CAE. Artisan Partners Limited Partnership purchased a new stake in shares of CAE in the third quarter valued at about $9,828,000. CIBC World Markets Inc. raised its holdings in shares of CAE by 23.5% in the second quarter. CIBC World Markets Inc. now owns 2,143,727 shares of the aerospace company’s stock valued at $36,958,000 after purchasing an additional 407,235 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of CAE by 6.0% in the second quarter. TD Asset Management Inc. now owns 6,597,892 shares of the aerospace company’s stock valued at $113,597,000 after purchasing an additional 376,314 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CAE by 36.7% in the second quarter. JPMorgan Chase & Co. now owns 1,117,105 shares of the aerospace company’s stock valued at $19,258,000 after purchasing an additional 300,070 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of CAE by 4.7% in the second quarter. Vanguard Group Inc. now owns 5,901,367 shares of the aerospace company’s stock valued at $101,740,000 after purchasing an additional 266,410 shares during the last quarter. Institutional investors own 52.29% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “CAE (CAE) Cut to Hold at ValuEngine” was first published by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://www.com-unik.info/2017/12/03/cae-cae-cut-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

What are top analysts saying about CAE Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CAE Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit