CAE (TSE:CAE) Upgraded to "Moderate Buy" at Royal Bank Of Canada

Key Points

• Royal Bank of Canada upgraded CAE from “hold” to “moderate buy.” Across analysts, CAE has a consensus “moderate buy” rating and a C$48.00 average price target.
• CAE shares rose 3.9% to C$37.68, while the company reported quarterly EPS of C$0.26 and revenue of C$1.17 billion.
• Insiders sold 87,975 shares worth approximately C$3.13 million over the past 90 days, including a significant reduction in director Matthew Bromberg’s holdings.

CAE (TSE:CAE - Get Free Report) NYSE: CAE was upgraded by investment analysts at Royal Bank Of Canada from a "hold" rating to a "moderate buy" rating in a report issued on Monday,Zacks.com reports.

A number of other research firms have also weighed in on CAE. Scotia dropped their price objective on 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. Canaccord Genuity Group raised their target price on shares of CAE from C$49.00 to C$50.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Morgan Stanley downgraded shares of CAE from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. BMO Capital Markets lowered their price target on shares of CAE from C$50.00 to C$47.00 and set an "outperform" rating for the company in a report on Monday, May 25th. Finally, Desjardins increased their price target on shares of CAE from C$48.00 to C$49.00 and gave the company a "buy" rating in a research report on Friday. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$48.00.

CAE Trading Up 3.9%

Shares of CAE stock opened at C$37.68 on Monday. The stock has a market capitalization of C$12.13 billion, a PE ratio of 42.34, a P/E/G ratio of 1.76 and a beta of 0.57. CAE has a 1-year low of C$31.42 and a 1-year high of C$47.65. The business has a 50-day moving average of C$36.07 and a 200 day moving average of C$37.28. The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71.

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

Insider Activity at CAE

In other CAE news, Director Matthew Bromberg sold 64,710 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director owned 46,915 shares of the company's stock, valued at C$1,670,174. This represents a 57.97% decrease in their position. Also, insider Mark Hounsell sold 2,673 shares of the company's 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 directly owned 35,687 shares of the company's stock, valued at C$1,262,962.93. The trade was a 6.97% decrease in their position. Insiders have sold 87,975 shares of company stock worth $3,127,182 over the last 90 days. 0.15% of the stock is 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.

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