Matthew Bromberg Sells 64,710 Shares of CAE (TSE:CAE) Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) 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 value of C$2,303,676.00. Following the completion of the transaction, the director directly owned 46,915 shares of the company’s stock, valued at C$1,670,174. This trade represents a 57.97% decrease in their ownership of the stock.

CAE Stock Down 1.6%

CAE opened at C$34.98 on Friday. CAE Inc. has a 12 month low of C$31.42 and a 12 month high of C$47.65. 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 stock has a market cap 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. The stock’s 50 day moving average price is C$35.47 and its 200 day moving average price is C$39.08.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on CAE. TD Securities reduced their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. National Bank Financial dropped their price target on shares of 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. Canaccord Genuity Group upped their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. BMO Capital Markets decreased 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. Finally, Desjardins decreased their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, May 4th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$48.91.

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.