CAE Inc. (TSE:CAE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on CAE, with 10 buy ratings and one sell rating. The average 12-month price target is C$47.23, although several firms recently lowered their targets.
• CAE insiders recently sold shares, including a director’s C$2.3 million sale and an insider’s C$50,765 sale. Insiders collectively own just 0.15% of the company.
• CAE opened at C$33.47, near its 52-week low of C$31.42, with a market capitalization of C$10.77 billion. In its latest quarter, the company reported C$0.26 EPS and C$1.17 billion in revenue.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE has been given a consensus recommendation of "Moderate Buy" by the eleven research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$47.23.

Several equities analysts have weighed in on the company. Scotia dropped their target price on CAE from C$56.00 to C$50.00 and set a "sector outperform" rating for the company in a research report on Friday, May 22nd. Bank of America reduced their price target on shares of CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Desjardins lifted their price objective on shares of CAE from C$48.00 to C$49.00 and gave the company a "buy" rating in a report on Friday, August 14th. National Bank Financial dropped their price objective on shares of CAE from C$53.00 to C$49.00 and set an "outperform" rating for the company in a report on Monday, May 25th. Finally, Morgan Stanley downgraded shares of CAE from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from C$43.00 to C$37.00 in a research note on Wednesday, July 15th.

Insider Buying and Selling at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of the 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 sale, the director directly owned 46,915 shares in the company, valued at approximately C$1,670,174. This trade represents a 57.97% decrease in their ownership of the stock. Also, insider Alexandre Prevost sold 1,430 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$35.50, for a total value of C$50,765.00. Following the completion of the sale, the insider owned 8,981 shares in the company, valued at approximately C$318,825.50. The trade was a 13.74% decrease in their ownership of the stock. Insiders own 0.15% of the company's stock.

CAE Trading Down 0.8%

CAE opened at C$33.47 on Wednesday. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65. 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 business has a fifty day simple moving average of C$35.62 and a 200-day simple moving average of C$36.31. The firm has a market cap of C$10.77 billion, a P/E ratio of 37.61, a P/E/G ratio of 1.76 and a beta of 0.60.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.