CAE (TSE:CAE) Insider Sells C$86,139.26 in Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Pascal Grenier sold 2,434 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$86,139.26. Following the completion of the sale, the insider owned 21,483 shares in the company, valued at C$760,283.37. This represents a 10.18% decrease in their position.

Pascal Grenier also recently made the following trade(s):

• On Tuesday, June 9th, Pascal Grenier sold 1,898 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$67,170.22.

CAE Trading Down 0.2%

Shares of CAE stock traded down C$0.08 on Friday, hitting C$35.45. The stock had a trading volume of 345,476 shares, compared to its average volume of 961,699. 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 firm has a market capitalization of C$11.40 billion, a P/E ratio of 36.55, a P/E/G ratio of 1.76 and a beta of 0.59. CAE Inc. has a 1 year low of C$31.42 and a 1 year high of C$47.65. The company’s 50 day moving average price is C$35.86 and its 200-day moving average price is C$39.22.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. The firm 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%.

More CAE News

Here are the key news stories impacting CAE this week:

• Negative Sentiment: Multiple CAE insiders, including Andrew Arnovitz, Phillip C. Copeland, Hélène Violaine Gagnon, Samantha Golinski, Pascal Grenier, Mark Hounsell and Alexandre Prevost, sold shares on June 9 at an average price of C$35.39, with several of the sales representing meaningful percentage reductions in their holdings. CAE insider sales report
• Neutral Sentiment: The reported sales were spread across several executives and totaled only modest cash values per transaction, so the market may view them as routine portfolio activity rather than a major shift in outlook. CAE insider sales report

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Scotia cut 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 research note on Friday, May 22nd. Desjardins cut their target price on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. TD Securities cut their price target on CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. BMO Capital Markets cut their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Finally, TD cut their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday, May 25th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently 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.