CAE Inc. (TSE:CAE) Receives C$47.92 Average Price Target from Brokerages

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have received an average rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$47.92.

Several brokerages have issued reports on CAE. Scotia cut their price objective on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 22nd. Morgan Stanley lowered 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 report on Wednesday, July 15th. BMO Capital Markets lowered their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Monday, May 25th. National Bank Financial dropped their price target on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. Finally, Canaccord Genuity Group raised their price objective on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd.

CAE Price Performance

CAE opened at C$35.51 on Tuesday. The company has a market capitalization of C$11.42 billion, a P/E ratio of 36.61, a PEG ratio of 1.76 and a beta of 0.57. The company has a 50-day moving average of C$35.38 and a 200-day moving average of C$38.28. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96. 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 issued its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. The business had revenue of C$1.33 billion for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

Insider Activity at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the transaction, 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 position. Also, insider Hélène Violaine Gagnon sold 1,608 shares of the firm’s 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$56,907.12. Following the completion of the transaction, the insider owned 15,601 shares in the company, valued at approximately C$552,119.39. The trade was a 9.34% decrease in their ownership of the stock. Insiders sold 87,975 shares of company stock valued at $3,127,182 in the last ninety days. 0.15% of the stock is owned by 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.