It is currently trading at $17.76 which is marginally over $16.33, the 50 day moving average and slightly over the 200 day moving average of $15.16. The 50 day moving average was up $1.43 or +8.76% whereas the 200 day average was up by +17.17%. Trading volume for CAE Inc. Ordinary Shares was 278K on Thursday. Shares saw a steep increase in trading volume of 225.14% over the normal average daily volume.
Here are a few other firms who have also updated their positions. Cgov Asset Management cut its investment by selling 1,963,265 shares a decrease of 29.4% as of 06/30/2017. Cgov Asset Management currently owns 4,708,942 shares valued at $105,292,000. The total value of its holdings decreased 22.3%. As of the end of the quarter Nexus Investment Management Inc. had disposed of 27,750 shares trimming its stake by 2.8%. The value in dollars increased from $14,923,000 to $16,370,000 increasing 9.7% quarter to quarter.
Creative Planning augmented its holdings by buying 100 shares an increase of 4.4%. Creative Planning controls 2,368 shares worth $41,000. The value of the position overall is up by 17.1%. Baird Financial Group, Inc. expanded its stake by buying 3,484 shares an increase of 10.1% in the quarter. Baird Financial Group, Inc. now holds 37,895 shares with a value of $579,000. The value of the position overall is up by 20.4%.
On November 11 the company was rated “Sector Perform” according to a RBC Capital report which was a cut from the previous “” rating. On May 27 the company was upgraded from “” to “Outperform” in a report from Macquarie.
On May 20 the stock rating was downgraded to “Market Perform” from “Outperform” by analysts at BMO Capital. On February 12 the company was upgraded to “Outperform” from “Market Perform” by BMO Capital.
On January 4 the stock rating was upgraded from “Sector Perform” to “Outperform” in a report issued by CIBC. On August 13, 2015 the stock rating was changed to a “Buy” by Desjardins which is up from the previous “Hold” rating.
The company is now up since yesterday’s close of $17.56. Additionally CAE Inc. Ordinary Shares recently announced a dividend for shareholders which was paid on Friday June 30th, 2017. The dividend payment was $0.060 per share for the quarter which comes to $0.24 on an annualized basis. This dividend amount represented a yeild of $1.71. The ex-dividend date was Tuesday the 13th of June 2017.
CAE Inc. Ordinary Shares currently has a P/E ratio of 24.87 and the market cap of the company is 4.77B. In the latest earnings report the EPS was $0.71 and is estimated to be $0.84 for the current year with 268,405,000 shares outstanding. Next quarter’s EPS is estimated at $0.18 with next year’s EPS projected to be $0.93.
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..