CAE (TSE:CAE) Insider Sells C$50,765.00 in Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Alexandre Prevost sold 1,430 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$35.50, for a total value of C$50,765.00. Following the sale, the insider directly owned 8,981 shares in the company, valued at approximately C$318,825.50. This represents a 13.74% decrease in their ownership of the stock.

Alexandre Prevost also recently made the following trade(s):

• On Tuesday, June 9th, Alexandre Prevost sold 792 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$28,028.88.
• On Tuesday, June 9th, Alexandre Prevost sold 1,016 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$35,956.24.

CAE Price Performance

TSE:CAE traded up C$0.88 on Wednesday, reaching C$36.60. 348,106 shares of the company’s stock traded hands, compared to its average volume of 955,319. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The stock has a 50-day simple moving average of C$35.79 and a 200-day simple moving average of C$39.19. The firm has a market cap of C$11.77 billion, a PE ratio of 37.73, a P/E/G ratio of 1.76 and a beta of 0.59. CAE Inc. has a 12 month low of C$31.42 and a 12 month high of C$47.65.

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

Analyst Ratings Changes

A number of brokerages have 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 for the company in a research report on Friday, May 22nd. Canaccord Genuity Group raised their price objective on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. TD Securities cut their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. TD cut their price objective 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. Finally, National Bank Financial cut their price objective on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Eleven analysts have rated the stock with a Buy rating, According to data from MarketBeat, CAE currently has a consensus rating of “Buy” and a consensus price target of C$48.91.

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.