CAE (TSE:CAE) Cut to Underweight at Morgan Stanley

Morgan Stanley cut shares of CAE (TSE:CAE) (NYSE:CAE) from an equal weight rating to an underweight rating in a research note issued to investors on Wednesday, Marketbeat.com reports. The firm currently has C$37.00 target price on the stock, down from their previous target price of C$43.00.

A number of other analysts also recently commented on the stock. Royal Bank Of Canada dropped their price target on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. National Bank Financial decreased their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Desjardins lowered their price objective on shares of 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. BMO Capital Markets dropped their target price on CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Finally, TD cut their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research report on Monday, May 25th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$47.92.

CAE Price Performance

Shares of TSE:CAE opened at C$34.59 on Wednesday. The firm’s 50 day moving average is C$35.47 and its two-hundred day moving average is C$38.54. The firm has a market capitalization of C$11.12 billion, a P/E ratio of 35.66, a PEG ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65.

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

Insider Buying and Selling at CAE

In other CAE news, Director Matthew Bromberg sold 64,710 shares of CAE 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 value of C$2,303,676.00. Following the transaction, the director owned 46,915 shares in the company, valued at approximately C$1,670,174. The trade was a 57.97% decrease in their ownership of the stock. Also, insider Hélène Violaine Gagnon sold 1,608 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$56,907.12. Following the sale, the insider owned 15,601 shares of the company’s stock, valued at C$552,119.39. This trade represents a 9.34% decrease in their position. Over the last quarter, insiders sold 87,975 shares of company stock valued at $3,127,182. Corporate 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.