CAE Inc. (TSE:CAE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$47.23.

Several research firms recently weighed in on CAE. Scotia cut their price objective on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd. Desjardins increased their price objective on CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, August 14th. Bank of America reduced their price target on CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. Finally, BMO Capital Markets lowered their price target on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Monday, May 25th.

Insider Transactions at CAE

In other CAE news, Director Matthew Bromberg sold 64,710 shares of the stock in a transaction dated 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 sale, the director directly owned 46,915 shares in the company, valued at approximately C$1,670,174. This trade represents a 57.97% decrease in their position. 0.15% of the stock is currently owned by insiders.

CAE Stock Down 2.3%

Shares of TSE CAE opened at C$33.02 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43. The company has a market cap of C$10.63 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.76 and a beta of 0.60. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The stock has a 50-day moving average price of C$35.28 and a two-hundred day moving average price of C$36.06.

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

About CAE

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.