Somewhat Favorable Media Coverage Somewhat Unlikely to Impact CAE (CAE) Share Price
Media stories about CAE (NYSE:CAE) (TSE:CAE) have been trending somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CAE earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 46.3852521505078 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Somewhat Positive News Coverage Somewhat Unlikely to Affect Crown (CCK) Stock Price (nismagazine.com)
- Singapore competition panel seeking views on SIA, CAE International joint venture to set up flight training centre (straitstimes.com)
- $579.54 Million in Sales Expected for Cae Inc (CAE) This Quarter (americanbankingnews.com)
- Brokerages Anticipate Cae Inc (CAE) to Post $0.22 Earnings Per Share (americanbankingnews.com)
- U.S. GAO – CAE USA, Inc. – Government Accountability Office (gao.gov)
Several equities analysts have recently commented on the company. ValuEngine downgraded CAE from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research downgraded CAE from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. AltaCorp Capital reaffirmed a “hold” rating and issued a $21.00 target price on shares of CAE in a research report on Sunday, November 12th. Finally, BMO Capital Markets raised CAE from a “market perform” rating to an “outperform” rating and set a $23.00 target price on the stock in a research report on Wednesday, August 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. CAE presently has an average rating of “Hold” and a consensus target price of $21.33.
Shares of CAE (CAE) traded down $0.01 during trading hours on Wednesday, reaching $18.41. The company had a trading volume of 137,305 shares, compared to its average volume of 243,435. The firm has a market capitalization of $4,960.00, a P/E ratio of 23.91, a P/E/G ratio of 2.20 and a beta of 0.87. CAE has a 1-year low of $13.80 and a 1-year high of $18.59. The company has a quick ratio of 1.34, a current ratio of 1.69 and a debt-to-equity ratio of 0.55.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.0709 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, December 14th. CAE’s dividend payout ratio is currently 36.36%.
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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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