TD Issues Positive Forecast for CAE (TSE:CAE) Stock Price

CAE (TSE:CAE) (NYSE:CAE) had its target price increased by stock analysts at TD from C$43.00 to C$45.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD’s target price indicates a potential upside of 23.66% from the stock’s previous close.

CAE has been the subject of a number of other research reports. Scotia cut their price target on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research note on Friday, May 22nd. National Bank Financial lowered their price objective on shares of 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. Stifel Nicolaus dropped their price objective on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Royal Bank Of Canada cut their target price on shares of 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. Finally, Morgan Stanley downgraded CAE from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$48.00.

CAE Price Performance

Shares of CAE traded down C$0.21 during trading hours on Friday, reaching C$36.39. 394,153 shares of the company’s stock traded hands, compared to its average volume of 931,440. The stock has a market cap of C$11.70 billion, a PE ratio of 37.52, a price-to-earnings-growth 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. The firm’s 50 day simple moving average is C$36.00 and its 200-day simple moving average is C$37.40. CAE 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 data on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$1.17 billion for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

Insider Buying and Selling at CAE

In other news, insider Hélène Violaine Gagnon sold 1,608 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$56,907.12. Following the completion of the sale, the insider owned 15,601 shares of the company’s stock, valued at approximately C$552,119.39. The trade was a 9.34% decrease in their position. Also, insider Andrew Arnovitz sold 1,408 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$49,829.12. Following the sale, the insider owned 5,691 shares of the company’s stock, valued at C$201,404.49. This represents a 19.83% decrease in their ownership of the stock. Over the last quarter, insiders sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by insiders.

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.