Royal Bank Of Canada downgraded shares of CAE Inc. (NYSE:CAE) (TSE:CAE) from an outperform rating to a sector perform rating in a report issued on Friday. They currently have $20.00 price target on the stock, up from their prior price target of $19.00.

CAE has been the topic of a number of other reports. TD Securities reissued a buy rating and issued a $19.00 price objective on shares of CAE in a report on Thursday, August 11th. BMO Capital Markets reissued a market perform rating and issued a $18.00 price objective (up from $17.00) on shares of CAE in a report on Saturday, August 13th. RBC Capital Markets reissued an outperform rating and issued a $19.00 price objective (up from $18.00) on shares of CAE in a report on Saturday, August 13th. Desjardins reaffirmed a buy rating and set a $21.00 target price (up from $20.00) on shares of CAE in a report on Saturday, August 13th. Finally, Scotiabank reaffirmed a sector perform rating and set a $18.50 target price (up from $16.75) on shares of CAE in a report on Saturday, August 13th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of $18.44.

Analyst Recommendations for CAE (NYSE:CAE)

CAE (NYSE:CAE) opened at 14.24 on Friday. CAE has a 12-month low of $9.34 and a 12-month high of $14.70. The stock has a market capitalization of $3.83 billion, a PE ratio of 21.91 and a beta of 0.90. The company has a 50-day moving average price of $14.22 and a 200-day moving average price of $13.29.

CAE (NYSE:CAE) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $635.50 million for the quarter, compared to analyst estimates of $494.02 million. CAE had a return on equity of 13.19% and a net margin of 8.90%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. Analysts expect that CAE will post $0.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be given a $0.0599 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.68%. CAE’s dividend payout ratio (DPR) is presently 36.92%.

Several institutional investors have recently added to or reduced their stakes in CAE. Goldman Sachs Group Inc. increased its position in CAE by 82.3% in the first quarter. Goldman Sachs Group Inc. now owns 828,286 shares of the company’s stock valued at $9,591,000 after buying an additional 374,029 shares during the period. Legal & General Group Plc increased its position in CAE by 47.3% in the first quarter. Legal & General Group Plc now owns 219,344 shares of the company’s stock valued at $2,547,000 after buying an additional 70,400 shares during the period. Magnetar Financial LLC purchased a new position in CAE during the first quarter valued at $271,000. Royal Bank of Canada increased its position in CAE by 37.5% in the first quarter. Royal Bank of Canada now owns 11,345,518 shares of the company’s stock valued at $131,382,000 after buying an additional 3,093,986 shares during the period. Finally, Nexus Investment Management Inc. increased its position in CAE by 1.7% in the second quarter. Nexus Investment Management Inc. now owns 943,375 shares of the company’s stock valued at $11,320,000 after buying an additional 15,900 shares during the period. Institutional investors and hedge funds own 59.81% of the company’s stock.

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.

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