Alexandre Prevost Sells 1,430 Shares of CAE (TSE:CAE) Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Alexandre Prevost sold 1,430 shares of the firm’s stock in a transaction on 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 owned 8,981 shares in the company, valued at C$318,825.50. This represents a 13.74% decrease in their ownership of the stock.

Alexandre Prevost also recently made the following trade(s):

• On Tuesday, June 9th, Alexandre Prevost sold 792 shares of CAE stock. The stock was sold at an average price of C$35.39, for a total value of C$28,028.88.
• On Tuesday, June 9th, Alexandre Prevost sold 1,016 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$35,956.24.

CAE Trading Down 2.5%

TSE:CAE opened at C$35.43 on Friday. CAE Inc. has a 1-year low of C$31.42 and a 1-year high of C$47.65. The business’s 50-day moving average price is C$35.74 and its two-hundred day moving average price is C$39.17. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. The firm has a market capitalization of C$11.39 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 1.76 and a beta of 0.59.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results 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%.

Analyst Upgrades and Downgrades

CAE has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a report on Monday, May 25th. TD cut their target price on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday, May 25th. National Bank Financial reduced 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. BMO Capital Markets decreased their price target 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, Scotia lowered their price objective on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research report on Friday, May 22nd. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CAE currently has a consensus rating of “Buy” and an average 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.