CAE Inc. (TSE:CAE) Given Average Rating of “Moderate Buy” by Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$48.00.

A number of analysts have issued reports on the company. Desjardins raised their target price on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Stifel Nicolaus lowered their price target on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. BMO Capital Markets dropped their price objective 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. TD raised 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, August 14th. Finally, National Bank Financial reduced their target price on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th.

Insiders Place Their Bets

In other news, insider Andrew Arnovitz sold 1,408 shares of CAE 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 transaction of C$49,829.12. Following the sale, the insider owned 5,691 shares of the company’s stock, valued at approximately C$201,404.49. The trade was a 19.83% decrease in their position. Also, insider Phillip C. Copeland sold 1,770 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$62,640.30. Following the completion of the transaction, the insider owned 5,906 shares in the company, valued at C$209,013.34. This represents a 23.06% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 87,975 shares of company stock worth $3,127,182. 0.15% of the stock is currently owned by company insiders.

CAE Price Performance

CAE stock opened at C$34.32 on Friday. 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 has a 50 day simple moving average of C$36.04 and a 200-day simple moving average of C$37.07. The firm has a market capitalization of C$11.05 billion, a PE ratio of 38.56, a price-to-earnings-growth 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.

CAE (TSE:CAE) (NYSE:CAE) last announced 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 5.47% and a net margin of 5.75%.

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.