Cae Inc (TSE:CAE) Upgraded to “Outperform” by BMO Capital Markets

BMO Capital Markets upgraded shares of Cae Inc (TSE:CAE) (NYSE:CAE) from a market perform rating to an outperform rating in a research report sent to investors on Wednesday, August 30th. BMO Capital Markets currently has C$23.00 price target on the stock.

Other analysts have also recently issued reports about the company. Desjardins boosted their price target on Cae from C$23.00 to C$25.00 in a research report on Thursday, June 1st. TD Securities upped their price objective on Cae from C$22.00 to C$23.00 and gave the company a hold rating in a research report on Friday, August 11th. Raymond James Financial, Inc. upped their price objective on Cae from C$20.75 to C$23.00 and gave the company a market perform rating in a research report on Thursday, June 1st. Scotiabank upped their price objective on Cae from C$22.00 to C$23.00 and gave the company an outperform rating in a research report on Thursday, June 1st. Finally, National Bank Financial upped their price objective on Cae from C$23.00 to C$24.00 and gave the company an outperform rating in a research report on Thursday, June 1st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Cae currently has an average rating of Hold and an average target price of C$23.06.

Shares of Cae (CAE) traded up 1.21% during mid-day trading on Wednesday, hitting $20.05. The stock had a trading volume of 995,433 shares. Cae has a 1-year low of $18.16 and a 1-year high of $22.86. The stock’s 50-day moving average price is $20.65 and its 200 day moving average price is $21.09. The company has a market capitalization of $5.39 billion and a P/E ratio of 21.82.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.80%. This is a positive change from Cae’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, September 14th.

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.

Analyst Recommendations for Cae (TSE:CAE)

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