Insider Selling: CAE (TSE:CAE) Insider Sells 2,673 Shares of Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Mark Hounsell sold 2,673 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$94,597.47. Following the sale, the insider owned 35,687 shares in the company, valued at approximately C$1,262,962.93. This trade represents a 6.97% decrease in their ownership of the stock.

Mark Hounsell also recently made the following trade(s):

• On Tuesday, June 9th, Mark Hounsell sold 2,085 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$73,788.15.

CAE Trading Down 0.2%

CAE stock traded down C$0.08 during midday trading on Friday, reaching C$35.45. 345,476 shares of the company traded hands, compared to its average volume of 961,699. CAE Inc. has a 52-week low of C$31.42 and a 52-week high of C$47.65. 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 business has a 50 day moving average of C$35.86 and a 200-day moving average of C$39.22. 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 announced its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%. The business had revenue of C$1.33 billion for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price 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 CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. TD reduced their price target on 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 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, Royal Bank Of Canada reduced their price target on CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Eleven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$48.91.

CAE News Roundup

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.