Insider Selling: CAE (TSE:CAE) Insider Sells 2,062 Shares of Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Hélène Violaine Gagnon sold 2,062 shares of CAE 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$72,974.18. Following the transaction, the insider owned 17,231 shares in the company, valued at approximately C$609,805.09. The trade was a 10.69% decrease in their position.

Hélène Violaine Gagnon also recently made the following trade(s):

• On Tuesday, June 9th, Hélène Violaine Gagnon sold 1,608 shares of CAE stock. The stock was sold at an average price of C$35.39, for a total transaction of C$56,907.12.

CAE Trading Down 0.2%

CAE stock traded down C$0.08 during trading on Friday, reaching C$35.45. 345,476 shares of the stock were exchanged, compared to its average volume of 961,699. 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 business has a 50 day moving average price of C$35.86 and a 200-day moving average price of C$39.22. CAE Inc. has a 1 year low of C$31.42 and a 1 year high of C$47.65. The firm has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 36.55, a P/E/G 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 EPS for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%. The company had revenue of C$1.33 billion for the quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. BMO Capital Markets reduced their price target on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. National Bank Financial cut their price objective 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. Desjardins cut their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Canaccord Genuity Group boosted their price objective on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$48.91.

Key Stories Impacting CAE

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

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.