CAE (TSE:CAE) Stock Price Expected to Rise, TD Analyst Says

Key Points

• TD raised its price target for CAE to C$45 from C$43 and maintained a “buy” rating, implying 23.66% upside from the stock’s C$36.39 price.
• Analyst sentiment remains broadly positive: CAE has a “Moderate Buy” consensus rating and an average price target of C$48, based on 10 Buy ratings and one Sell rating.
• CAE reported quarterly earnings of C$0.26 per share on C$1.17 billion in revenue, while insiders have sold 87,975 shares worth approximately C$3.1 million over the past 90 days.

CAE (TSE:CAE - Get Free Report) NYSE: CAE had its target price raised by TD from C$43.00 to C$45.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD's price target would suggest a potential upside of 23.66% from the stock's current price.

A number of other analysts also recently commented on CAE. BMO Capital Markets decreased their price target on CAE from C$50.00 to C$47.00 and set an "outperform" rating for the company in a research report on Monday, May 25th. Royal Bank Of Canada lowered their target price on CAE from C$42.00 to C$36.00 and set an "outperform" rating on the stock in a research note on Monday, May 25th. Canaccord Genuity Group increased their price target on shares of CAE from C$49.00 to C$50.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Scotia lowered their price objective 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. Finally, Morgan Stanley cut shares of CAE from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CAE currently has an average rating of "Moderate Buy" and a consensus price target of C$48.00.

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CAE Stock Down 0.6%

Shares of TSE CAE traded down C$0.21 during trading on Friday, hitting C$36.39. The stock had a trading volume of 394,153 shares, compared to its average volume of 931,440. The firm has a fifty day moving average of C$36.00 and a two-hundred day moving average of C$37.40. The company has a market capitalization of C$11.70 billion, a PE 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 current ratio of 0.96 and a quick ratio of 0.71. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The business 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 Transactions at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of CAE stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the completion of the transaction, the director directly 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. Also, insider Phillip C. Copeland sold 2,270 shares of the business's stock in a transaction on 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 sale, the insider owned 10,970 shares in the company, valued at approximately C$388,228.30. The trade was a 17.15% decrease in their ownership of the stock. Over the last ninety days, insiders sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by company insiders.

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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