Analysts Set CAE Inc. (TSE:CAE) PT at C$47.23

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$47.23.

CAE has been the subject of several research analyst reports. Desjardins lifted their target price on shares of CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 14th. National Bank Financial decreased 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 report on Monday, May 25th. Scotia lowered their price objective on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 22nd. Bank of America dropped their price objective on shares of CAE from C$45.00 to C$38.00 in a report on Thursday, August 27th. Finally, BMO Capital Markets cut their target price on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday, May 25th.

CAE Price Performance

CAE stock opened at C$33.21 on Wednesday. The stock has a market cap of C$10.69 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 1.76 and a beta of 0.60. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The business has a 50-day simple moving average of C$35.44 and a 200 day simple moving average of C$36.18. CAE has a 52 week low of C$31.42 and a 52 week high of C$47.65.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

Insider Activity

In other news, insider Alexandre Prevost sold 1,430 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$35.50, for a total value of C$50,765.00. Following the completion of the transaction, the insider directly owned 8,981 shares in the company, valued at approximately C$318,825.50. This represents a 13.74% decrease in their position. Also, Director Matthew Bromberg sold 64,710 shares of the company’s stock in a transaction dated 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 owned 46,915 shares of the company’s stock, valued at C$1,670,174. The trade was a 57.97% decrease in their ownership of the stock. 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.