CAE Inc. (TSE:CAE) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts give CAE a “Moderate Buy” consensus: Ten of eleven covering brokerages recommend buying the stock, while one recommends selling. The average 12-month price target is C$48.00 versus a recent price of C$36.25.
• Brokerage views are mixed, with Morgan Stanley cutting its rating to “underweight” and reducing its target to C$37, while Desjardins and Canaccord Genuity raised their targets to C$49 and C$50, respectively.
• Insiders have been selling shares: Company insiders sold 87,975 shares worth about $3.13 million over the past three months, and insiders currently own just 0.15% of CAE. In its latest quarter, CAE reported C$0.26 in earnings per share and C$1.17 billion in revenue.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$48.00.

CAE has been the subject of a number of research reports. Morgan Stanley lowered shares of CAE from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. BMO Capital Markets dropped their price target on CAE from C$50.00 to C$47.00 and set an "outperform" rating on the stock in a research note on Monday, May 25th. Desjardins raised their price target on CAE from C$48.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday. Royal Bank Of Canada cut their price objective on CAE from C$42.00 to C$36.00 and set an "outperform" rating for the company in a report on Monday, May 25th. Finally, Canaccord Genuity Group upped 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.

Insiders Place Their Bets

In other news, insider Mark Hounsell sold 2,673 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$94,597.47. Following the transaction, the insider owned 35,687 shares in the company, valued at C$1,262,962.93. This represents a 6.97% decrease in their position. Also, insider Hélène Violaine Gagnon sold 2,062 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$72,974.18. Following the completion of the transaction, the insider owned 17,231 shares in the company, valued at C$609,805.09. This trade represents a 10.69% decrease in their position. In the last three months, insiders sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by company insiders.

CAE Stock Performance

Shares of CAE stock opened at C$36.25 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The company has a 50 day moving average price of C$36.01 and a 200-day moving average price of C$37.39. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65. The firm has a market capitalization of C$11.66 billion, a PE ratio of 37.37, a P/E/G ratio of 1.76 and a beta of 0.57.

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

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.

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