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

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus rating of “Moderate Buy” from the eleven research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$47.92.

Several research firms have weighed in on CAE. Desjardins cut their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. TD Securities lowered their target price on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. BMO Capital Markets lowered their target price 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. Canaccord Genuity Group lifted their price target on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, TD reduced their price target 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.

Insider Buying and Selling at CAE

In related news, insider Mark Hounsell sold 2,673 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$94,597.47. Following the completion of the transaction, the insider directly owned 35,687 shares in the company, valued at C$1,262,962.93. This trade represents a 6.97% decrease in their position. Also, insider Hélène Violaine Gagnon sold 2,062 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$72,974.18. Following the completion of the transaction, the insider owned 17,231 shares of the company’s stock, valued at approximately C$609,805.09. The trade was a 10.69% decrease in their ownership of the stock. In the last three months, insiders have sold 87,975 shares of company stock valued at $3,127,182. Company insiders own 0.15% of the company’s stock.

CAE Trading Down 0.2%

Shares of CAE opened at C$34.53 on Tuesday. The firm’s 50-day moving average price is C$35.44 and its 200-day moving average price is C$38.46. The firm has a market capitalization of C$11.10 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. 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 released its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%. The company had revenue of C$1.33 billion during the quarter.

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.