Calian Group (TSE:CGY) Earns Buy Rating From BMO Capital Markets Analysts

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BMO Capital Markets has initiated a hedge on the shares of Calian Group (TSE:CGY – Get an Assessment) in a research note published on Monday, reports TipRanks. The company has issued a buy rating and a C$95.00 price target on the stock.

Separately, Echelon Wealth Partners reissued a buy rating and published a CA$85.00 target price on Calian Group shares in a research report on Thursday, January 27.

Calian Group’s stock traded at C$1.21 by midday Monday, hitting C$68.94. The stock recorded trading volume of 5,216 shares, compared to an average trading volume of 26,106 shares. The company has a market cap of C$779.92 million and a price-to-earnings ratio of 58.32. The company has a 50-day moving average price of C$62.28 and a 200-day moving average price of C$60.19. Calian Group has a 1-year low of C$51.99 and a 1-year high of C$69.42. The company has a debt ratio of 6.00, a current ratio of 2.16 and a quick ratio of 1.99.

Calian Group (TSE:CGY – Get Rating) last announced its quarterly results on Wednesday, February 9. The company reported earnings per share (EPS) of C$0.85 for the quarter, beating the Zacks consensus estimate of C$0.83 by C$0.02. The company posted revenue of C$129.50 million in the quarter, compared to a consensus estimate of C$132.00 million. On average, equity research analysts expect Calian Group to post earnings per share of 4.3916192 for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 9. Shareholders of record on Wednesday, March 9 received a dividend of $0.28. This represents a dividend of $1.12 on an annualized basis and a yield of 1.62%. The ex-dividend date was Tuesday, February 22. The Calian Group’s dividend payout ratio (DPR) is 94.75%.

In other news, manager George Brian Weber sold 1,000 shares of the company in a trade dated Thursday, March 17. The shares were sold at an average price of CA$64.75, for a total transaction of CA$64,750.00. Following the completion of the sale, the administrator now owns 4,404 shares of the company, valued at approximately C$285,159.

About the Calian Group (Get an evaluation)

Calian Group Ltd. provides business services and solutions in the fields of health, defence, security, aerospace, engineering, AgTech and information technology (IT) in Canada , in the United States and in Europe. The Company’s Advanced Technologies segment offers engineered products and engineered solutions for the space, communications, nuclear, agriculture, defense, automotive and government sectors; software and product development, custom manufacturing, life cycle support, studies, requirements analysis, project management, multidisciplinary technical system solutions and training services; communication systems and products for terrestrial and satellite networks; satellite gateways including apertured radiofrequency antennas, and telemetry tracking and control, as well as software solutions for network management and monitoring; engineering and technical services for propulsion, electrical and electronic systems, computer and nuclear systems, naval architecture and aerospace; and nuclear services to develop waste management and decommissioning solutions.

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