CAE Inc. (TSE:CAE) Given Average Rating of “Buy” by Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned an average recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$48.91.

CAE has been the topic of a number of recent research reports. National Bank Financial reduced their target price on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Canaccord Genuity Group lifted their price target on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Stifel Nicolaus reduced their target price on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Desjardins reduced their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, TD Securities dropped their target price on CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th.

CAE Trading Up 1.9%

Shares of CAE stock opened at C$36.20 on Friday. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65. The stock has a 50 day simple moving average of C$35.39 and a 200-day simple moving average of C$38.97. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The company has a market cap of C$11.64 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 1.76 and a beta of 0.59.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. The business had revenue of C$1.33 billion during the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

Insider Transactions at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was 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 directly owned 46,915 shares in the company, valued at approximately C$1,670,174. This represents a 57.97% decrease in their position. Also, insider Hélène Violaine Gagnon sold 2,062 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$72,974.18. Following the sale, the insider directly owned 17,231 shares of the company’s stock, valued at C$609,805.09. The trade was a 10.69% decrease in their position. Insiders have sold a total of 87,975 shares of company stock worth $3,127,182 over the last three months. Insiders own 0.15% of the company’s stock.

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.