CAE Inc. (TSE:CAE) Receives C$48.00 Average Target Price from Analysts

CAE Inc. (TSE:CAE) (NYSE:CAE) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$48.00.

A number of research analysts have issued reports on CAE shares. National Bank Financial decreased their target price on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. BMO Capital Markets dropped their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. TD lifted their price objective on CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus cut their price objective on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Finally, Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from C$43.00 to C$37.00 in a research report on Wednesday, July 15th.

CAE Trading Up 3.9%

Shares of TSE CAE opened at C$37.68 on Friday. CAE has a twelve month low of C$31.42 and a twelve month high of C$47.65. The stock has a market cap of C$12.13 billion, a price-to-earnings ratio of 42.34, a P/E/G ratio of 1.76 and a beta of 0.57. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The company’s fifty day moving average is C$36.07 and its 200-day moving average is C$37.28.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. The business had revenue of C$1.17 billion during the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%.

Insider Transactions at CAE

In other news, insider Mark Hounsell sold 2,673 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$94,597.47. Following the completion of the transaction, the insider owned 35,687 shares in the company, valued at C$1,262,962.93. This represents a 6.97% decrease in their ownership of the stock. Also, Director Matthew Bromberg sold 64,710 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the completion of the transaction, the director owned 46,915 shares of the company’s stock, valued at C$1,670,174. This trade represents a 57.97% decrease in their position. In the last 90 days, insiders have sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by insiders.

CAE Company Profile

CAE Inc is a global company focused on delivering training for the civil aviation, defense, security, and healthcare markets. Multiple types of simulators and synthetic exercises may be sold to customers to serve as alternatives for live-training experiences. The company’s training solutions are provided through products and services. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.