Alexandre Prevost Sells 1,430 Shares of CAE (TSE:CAE) Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Alexandre Prevost sold 1,430 shares of CAE stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$35.50, for a total value of C$50,765.00. Following the completion of the transaction, the insider owned 8,981 shares of the company’s stock, valued at approximately C$318,825.50. This represents a 13.74% decrease in their position.

Alexandre Prevost also recently made the following trade(s):

• On Tuesday, June 9th, Alexandre Prevost sold 792 shares of CAE stock. The stock was sold at an average price of C$35.39, for a total value of C$28,028.88.
• On Tuesday, June 9th, Alexandre Prevost sold 1,016 shares of CAE stock. The stock was sold at an average price of C$35.39, for a total transaction of C$35,956.24.

CAE Trading Up 2.5%

TSE CAE traded up C$0.88 during trading on Wednesday, hitting C$36.60. The stock had a trading volume of 348,106 shares, compared to its average volume of 955,319. 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 stock has a market capitalization of C$11.77 billion, a price-to-earnings ratio of 37.73, a P/E/G ratio of 1.76 and a beta of 0.59. CAE Inc. has a one year low of C$31.42 and a one year high of C$47.65. The stock has a 50 day simple moving average of C$35.79 and a 200 day simple moving average of C$39.19.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings data on Thursday, May 21st. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$1.33 billion during the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Scotia decreased their price objective on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research note on Friday, May 22nd. BMO Capital Markets decreased their price objective on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Canaccord Genuity Group lifted their price target on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. TD lowered their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a report on Monday, May 25th. Finally, Desjardins lowered their price target on CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a report on Monday, May 4th. Eleven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CAE currently has a consensus rating of “Buy” and a consensus target price of C$48.91.

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.