CAE (TSE:CAE) Given New C$49.00 Price Target at Desjardins

Key Points

• Desjardins raised CAE’s price target to C$49 from C$48 and maintained a “buy” rating, implying approximately 34.65% upside from the stock’s C$36.39 price.
• Analyst sentiment remains broadly positive: ten analysts rate CAE a Buy and one rates it a Sell, resulting in a consensus “Moderate Buy” rating and a C$48 average target.
• CAE shares slipped 0.6% to C$36.39, while company insiders sold 87,975 shares worth about C$3.13 million over the past 90 days.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its target price lifted by stock analysts at Desjardins from C$48.00 to C$49.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price target would indicate a potential upside of 34.65% from the stock's current price.

Other equities analysts have also issued research reports about the company. TD upped their price target on CAE from C$43.00 to C$45.00 and gave the company a "buy" rating in a research note on Friday. BMO Capital Markets reduced their price objective on shares of CAE from C$50.00 to C$47.00 and set an "outperform" rating on the stock in a report on Monday, May 25th. Scotia decreased their target price on shares of CAE from C$56.00 to C$50.00 and set a "sector outperform" rating on the stock in a research report on Friday, May 22nd. National Bank Financial lowered their target price on shares of CAE from C$53.00 to C$49.00 and set an "outperform" rating for the company in a research note on Monday, May 25th. Finally, Stifel Nicolaus dropped their price target on shares of CAE from C$50.00 to C$47.00 and set a "buy" rating for the company in a research report on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$48.00.

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CAE Trading Down 0.6%

Shares of TSE CAE traded down C$0.21 during midday trading on Friday, reaching C$36.39. 394,153 shares of the stock were exchanged, compared to its average volume of 931,440. The company has a 50 day simple moving average of C$36.00 and a 200 day simple moving average of C$37.40. The stock has a market capitalization of C$11.70 billion, a P/E ratio of 37.52, a PEG ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96. CAE has a twelve month low of C$31.42 and a twelve month high of C$47.65.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Insider Buying and Selling at CAE

In related 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 transaction, the director owned 46,915 shares of the company's stock, valued at approximately C$1,670,174. This represents a 57.97% decrease in their position. Also, insider Phillip C. Copeland sold 2,270 shares of the firm's 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$80,335.30. Following the transaction, the insider owned 10,970 shares of the company's stock, valued at C$388,228.30. This trade represents a 17.15% decrease in their ownership of the stock. Over the last 90 days, insiders sold 87,975 shares of company stock valued at $3,127,182. Corporate insiders own 0.15% of the company's stock.

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.

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