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 the company’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 17,231 shares of the company’s stock, valued at 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 value of C$56,907.12.

CAE Price Performance

TSE CAE traded down C$0.08 during trading hours on Friday, reaching C$35.45. The company’s stock had a trading volume of 345,476 shares, compared to its average volume of 961,699. 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 Inc. has a 1-year low of C$31.42 and a 1-year high of C$47.65. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The company’s 50-day moving average is C$35.86 and its two-hundred day moving average is C$39.22.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) 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 Analysts Forecast Growth

CAE has been the topic of several research reports. Canaccord Genuity Group raised their target price on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Scotia decreased their price target on shares of 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 decreased their price target on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Stifel Nicolaus decreased 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. Finally, TD Securities decreased their price target on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CAE presently has an average rating of “Buy” and an average target price of C$48.91.

CAE News Summary

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.