CAE (TSE:CAE) Rating Increased to Moderate Buy at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of CAE (TSE:CAE) (NYSE:CAE) from a hold rating to a moderate buy rating in a report published on Monday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Scotia dropped their price objective on shares of 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. National Bank Financial dropped their price target 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. TD increased their price objective on shares of CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus cut their target price on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group increased their price target on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$48.00.

CAE Trading Up 3.9%

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

CAE (TSE:CAE) (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. The business had revenue of C$1.17 billion during the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

Insider Activity

In related news, insider Hélène Violaine Gagnon sold 2,062 shares of CAE stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$72,974.18. Following the completion of the sale, the insider directly owned 17,231 shares in the company, valued at C$609,805.09. The trade was a 10.69% decrease in their ownership of the stock. Also, insider Mark Hounsell sold 2,673 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$94,597.47. Following the transaction, the insider owned 35,687 shares in the company, valued at approximately C$1,262,962.93. The trade was a 6.97% decrease in their ownership of the stock. In the last 90 days, insiders have sold 87,975 shares of company stock valued at $3,127,182. Company 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.