CAE (TSE:CAE) Downgraded to “Underweight” Rating by Morgan Stanley

Morgan Stanley downgraded shares of CAE (TSE:CAE) (NYSE:CAE) from an equal weight rating to an underweight rating in a research report report published on Wednesday, Marketbeat.com reports. They currently have C$37.00 target price on the stock, down from their previous target price of C$43.00.

Other research analysts also recently issued reports about the company. TD lowered their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Canaccord Genuity Group increased their target price on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets cut their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Royal Bank Of Canada cut their price objective on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Finally, Scotia reduced their target price on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd. Ten research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$47.92.

CAE Stock Performance

Shares of CAE stock opened at C$34.47 on Wednesday. The firm has a market cap of C$11.08 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.76 and a beta of 0.57. 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. The stock’s 50-day moving average is C$35.56 and its two-hundred day moving average is C$38.63.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. The company had revenue of C$1.33 billion for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Insider Transactions at CAE

In other news, Director Matthew Bromberg sold 64,710 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the completion of the transaction, the director directly owned 46,915 shares in the company, valued at approximately C$1,670,174. This represents a 57.97% decrease in their position. Also, insider Hélène Violaine Gagnon sold 2,062 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$72,974.18. Following the transaction, the insider owned 17,231 shares in the company, valued at C$609,805.09. This trade represents a 10.69% decrease in their ownership of the stock. Insiders have sold a total of 87,975 shares of company stock worth $3,127,182 over the last three months. Insiders own 0.15% of the company’s stock.

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.