Cae Inc (NYSE:CAE) (TSE:CAE) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 542,400 shares, a decline of 37.1% from the July 31st total of 862,200 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 212,500 shares, the short-interest ratio is currently 2.6 days.
CAE has been the subject of several recent research reports. Zacks Investment Research downgraded shares of CAE from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Scotiabank raised shares of CAE from a “sector perform” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Friday, August 30th. Raymond James reissued a “hold” rating on shares of CAE in a research report on Friday, August 16th. CIBC reissued a “hold” rating and set a $37.00 target price on shares of CAE in a research report on Wednesday, May 22nd. Finally, BMO Capital Markets downgraded shares of CAE from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $34.00.
A number of institutional investors have recently added to or reduced their stakes in CAE. Zions Bancorporation N.A. purchased a new position in CAE during the first quarter worth about $28,000. Parallel Advisors LLC boosted its holdings in CAE by 33.7% during the second quarter. Parallel Advisors LLC now owns 5,362 shares of the aerospace company’s stock worth $144,000 after purchasing an additional 1,353 shares during the last quarter. First Bank & Trust boosted its holdings in CAE by 22.2% during the second quarter. First Bank & Trust now owns 6,776 shares of the aerospace company’s stock worth $182,000 after purchasing an additional 1,229 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in CAE by 32.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,227 shares of the aerospace company’s stock worth $194,000 after purchasing an additional 1,774 shares during the last quarter. Finally, Bluestein R H & Co. purchased a new position in CAE during the first quarter worth about $210,000. Institutional investors and hedge funds own 51.67% of the company’s stock.
Shares of NYSE:CAE traded up $0.01 during midday trading on Friday, hitting $25.05. 126,200 shares of the company’s stock were exchanged, compared to its average volume of 185,985. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.87. The stock has a 50 day moving average price of $26.11 and a 200-day moving average price of $24.72. The company has a market cap of $6.72 billion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. CAE has a 12 month low of $16.96 and a 12 month high of $28.03.
CAE (NYSE:CAE) (TSE:CAE) last posted its earnings results on Wednesday, August 14th. The aerospace company reported $0.18 EPS for the quarter, missing the consensus estimate 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 return on equity of 13.94% and a net margin of 9.45%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. On average, analysts anticipate that CAE will post 1.02 EPS for the current fiscal 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 dividend of $0.083 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from CAE’s previous quarterly dividend of $0.07. This represents a $0.33 annualized dividend and a yield of 1.33%. CAE’s payout ratio is 31.58%.
CAE Company Profile
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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