CAE Inc. (TSE:CAE) Receives Average Recommendation of “Buy” from Brokerages

CAE Inc. (TSE:CAE) (NYSE:CAE) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is C$48.91.

Several analysts have recently commented on the company. Scotia reduced their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a report on Friday, May 22nd. TD reduced their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a report on Monday, May 25th. Royal Bank Of Canada reduced their price target on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a report on Monday, May 25th. National Bank Financial reduced their price target on 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, BMO Capital Markets reduced their price objective 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.

CAE Stock Down 1.6%

CAE opened at C$34.98 on Friday. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The business has a 50 day simple moving average of C$35.47 and a 200-day simple moving average of C$39.08. The stock has a market capitalization of C$11.24 billion, a P/E ratio of 36.06, a P/E/G ratio of 1.76 and a beta of 0.59. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last posted 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 during the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Insider Activity

In related news, insider Pascal Grenier sold 2,434 shares of CAE stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$86,139.26. Following the completion of the transaction, the insider directly owned 21,483 shares of the company’s stock, valued at approximately C$760,283.37. The trade was a 10.18% decrease in their ownership of the stock. Also, insider Hélène Violaine Gagnon sold 2,062 shares of CAE stock in a transaction on 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 transaction, the insider directly owned 17,231 shares of the company’s stock, valued at approximately C$609,805.09. This represents a 10.69% decrease in their ownership of the stock. Insiders sold a total of 87,975 shares of company stock valued at $3,127,182 in the last 90 days. 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.