Insider Selling: CAE (TSE:CAE) Director Sells C$2,303,676.00 in Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) Director Matthew Bromberg sold 64,710 shares of the firm’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 sale, 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.

CAE Price Performance

Shares of CAE stock traded up C$0.44 during midday trading on Wednesday, hitting C$35.77. 349,852 shares of the company traded hands, compared to its average volume of 950,238. The stock has a market cap of C$11.50 billion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.76 and a beta of 0.59. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96. The firm’s fifty day moving average price is C$35.59 and its 200-day moving average price is C$39.12. 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 issued its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. The firm had revenue of C$1.33 billion for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. National Bank Financial reduced their price objective on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. Royal Bank Of Canada dropped their target price on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Stifel Nicolaus cut their price target on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Canaccord Genuity Group boosted their price target on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, TD Securities lowered their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$48.91.

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.