CAE (TSE:CAE) Raised to “Moderate Buy” at Royal Bank Of Canada

CAE (TSE:CAE) (NYSE:CAE) was upgraded by Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Desjardins increased their target price on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus dropped their price target on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Scotia reduced their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 22nd. TD increased their price objective on CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday. Finally, BMO Capital Markets lowered their price objective on CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$48.00.

CAE Trading Up 3.9%

TSE:CAE opened at C$37.68 on Monday. The company has a 50-day moving average price of C$36.07 and a 200-day moving average price of C$37.28. The stock has a market cap of C$12.13 billion, a price-to-earnings ratio of 42.34, a P/E/G ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65.

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

Insiders Place Their Bets

In other CAE news, insider Hélène Violaine Gagnon sold 1,608 shares of the firm’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 transaction of C$56,907.12. Following the completion of the transaction, the insider owned 15,601 shares of the company’s stock, valued at approximately C$552,119.39. This trade represents a 9.34% decrease in their ownership of the stock. Also, insider Alexandre Prevost sold 1,430 shares of the firm’s 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 transaction, the insider directly owned 8,981 shares of the company’s stock, valued at C$318,825.50. This represents a 13.74% decrease in their position. In the last quarter, insiders have sold 87,975 shares of company stock valued at $3,127,182. 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.