CAE (TSE:CAE) Price Target Raised to C$49.00

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by equities research analysts at Desjardins from C$48.00 to C$49.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 34.65% from the stock’s current price.

A number of other brokerages also recently commented on CAE. Canaccord Genuity Group boosted their price objective on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. National Bank Financial decreased their price target on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Stifel Nicolaus lowered their price target on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Royal Bank Of Canada dropped their price objective on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. Finally, TD raised their price objective on shares of CAE from C$43.00 to C$45.00 and gave the company a “buy” rating in a report on Friday. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$48.00.

CAE Stock Down 0.6%

Shares of TSE:CAE traded down C$0.21 during trading on Friday, hitting C$36.39. The company’s stock had a trading volume of 394,153 shares, compared to its average volume of 931,440. CAE has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The business has a 50 day moving average price of C$36.00 and a two-hundred day moving average price of C$37.40. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96. The company has a market capitalization of C$11.70 billion, a PE ratio of 37.52, a P/E/G ratio of 1.76 and a beta of 0.57.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share (EPS) for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The firm had revenue of C$1.17 billion during the quarter.

Insider Buying and Selling at CAE

In related news, insider Hélène Violaine Gagnon sold 1,608 shares of the company’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 value of C$56,907.12. Following the completion of the transaction, the insider directly owned 15,601 shares of the company’s stock, valued at C$552,119.39. This represents a 9.34% decrease in their ownership of the stock. Also, insider Alexandre Prevost sold 1,430 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$35.50, for a total transaction 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. In the last ninety days, insiders have sold 87,975 shares of company stock worth $3,127,182. 0.15% of the stock is currently owned by corporate insiders.

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.