Analysts Set CAE Inc. (TSE:CAE) PT at C$48.91

CAE Inc. (TSE:CAE) (NYSE:CAE) has received a consensus rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat reports. Ten equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$48.91.

Several brokerages recently commented on CAE. Canaccord Genuity Group boosted their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Desjardins dropped 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 report on Monday, May 4th. Royal Bank Of Canada cut their target price on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. TD reduced their price target on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research report on Monday, May 25th. Finally, Scotia lowered their price objective on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd.

CAE Stock Performance

Shares of CAE stock opened at C$35.51 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. CAE has a 12-month low of C$31.42 and a 12-month high of C$47.65. The business’s 50 day moving average is C$35.37 and its two-hundred day moving average is C$39.03. The company has a market capitalization of C$11.42 billion, a P/E ratio of 36.61, a P/E/G ratio of 1.76 and a beta of 0.59.

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

Insiders Place Their Bets

In related news, insider Hélène Violaine Gagnon sold 2,062 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$72,974.18. Following the completion of the sale, the insider directly owned 17,231 shares in the company, valued at approximately C$609,805.09. The trade was a 10.69% decrease in their ownership of the stock. Also, insider Phillip C. Copeland sold 2,270 shares of the 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$80,335.30. Following the completion of the transaction, the insider directly owned 10,970 shares of the company’s stock, valued at approximately C$388,228.30. This represents a 17.15% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is owned by corporate insiders.

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.