In the market the company is trading up by 0.80% since yesterday’s close of $17.56. Shares of the company are trading at $17.70 which is just over the 50 day moving average which is $16.33 and slightly over the 200 day moving average of $15.16. The 50 day moving average was up $1.40 or +8.58% whereas the 200 day average was up by +16.97%.
CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides a range of 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. The Defence and Security segment operates as a training systems integrator for defence forces in the air, land, and naval domains, as well as for government organizations responsible for public safety. The Healthcare segment designs, manufactures, and markets simulators; offers audiovisual and simulation center management solutions; and provides consulting and courseware services for training of medical and allied healthcare students, as well as clinicians in educational institutions, hospitals, and defence organizations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in June 1993. CAE Inc. was founded in 1947 and is headquartered in Saint-Laurent, Canada..
These funds have also shifted positions in (CAE). Cgov Asset Management trimmed its stake by selling 807,760 shares a decrease of 10.8% in the quarter. Cgov Asset Management now controls 6,672,207 shares with a value of $135,579,000. The total value of its holdings decreased 3.5%. As of quarter end Baird Financial Group, Inc. had acquired 3,484 shares growing its holdings by 10.1%. The value of the investment in (CAE) went from $481,000 to $579,000 a change of $98,000 since the last quarter.
As of the end of the quarter Mackenzie Financial Corp had bought a total of 1,105,110 shares growing its position 17.7%. The value of the investment in CAE increased from $86,952,000 to $112,114,000 a change of 28.9% for the reporting period. Proficio Capital Partners LLC expanded its ownership by buying 224 shares an increase of 20.0% from 12/31/2016 to 03/31/2017. Proficio Capital Partners LLC owns 1,345 shares valued at $21,000. The value of the position overall is up by 31.3%.
On November 11, 2016 the stock rating was rated “Sector Perform” in a report from RBC Capital a cut from the previous “” rating. On May 27 the company was set at “Outperform” according to a Macquarie report up from the previous “” rating.
On May 20 the company was changed to a “Market Perform” by BMO Capital which is down from the previous “Outperform” rating. On February 12 the company was rated “Outperform” according to a BMO Capital report which was a boost from the previous “Market Perform” rating.
On January 4 the stock rating was upgraded to “Outperform” from “Sector Perform” in an announcement from CIBC. On August 13 the company was upgraded from “Hold” to “Buy” by analysts at Desjardins.
CAE Inc. Ordinary Shares also declared a dividend which was paid on Friday June 30th, 2017. The dividend was $0.060 per share for the quarter which is $0.24 annualized. The dividend yield was $1.71. The ex-dividend date was set for Tuesday the 13th of June 2017.
The company currently has a P/E ratio of 24.83 and market cap is 4.76B. As of the latest earnings report the EPS was $0.71 and is estimated to be $0.83 for the current year with 268,405,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.18 with next year’s EPS anticipated to be $0.93.