Bank of America Cuts CAE (TSE:CAE) Price Target to C$38.00

CAE (TSE:CAE) (NYSE:CAE) had its target price cut by Bank of America from C$45.00 to C$38.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently commented on the stock. Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 17th. BMO Capital Markets cut their price target 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. Desjardins increased their price objective on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. National Bank Financial dropped their target price on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Finally, Stifel Nicolaus dropped their target price on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$47.23.

CAE Price Performance

Shares of CAE opened at C$33.72 on Thursday. The business’s fifty day moving average is C$35.92 and its 200 day moving average is C$36.79. CAE has a 12-month low of C$31.42 and a 12-month high of C$47.65. 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 stock has a market cap of C$10.85 billion, a P/E ratio of 37.89, a P/E/G ratio of 1.76 and a beta of 0.57.

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

Insider Activity at CAE

In other CAE news, insider Phillip C. Copeland sold 1,770 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$62,640.30. Following the transaction, the insider owned 5,906 shares of the company’s stock, valued at approximately C$209,013.34. The trade was a 23.06% decrease in their ownership of the stock. Also, insider Alexandre Prevost sold 1,430 shares of the company’s stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at C$318,825.50. This trade represents a 13.74% decrease in their position. Insiders sold a total of 87,975 shares of company stock valued at $3,127,182 in the last ninety days. Insiders own 0.15% of the company’s stock.

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.