CAE (TSE:CAE) Director Sells 64,710 Shares of Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) Director Matthew Bromberg sold 64,710 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the completion of the sale, the director owned 46,915 shares of the company’s stock, valued at C$1,670,174. The trade was a 57.97% decrease in their ownership of the stock.

CAE Trading Up 1.2%

TSE:CAE traded up C$0.44 during trading hours on Wednesday, hitting C$35.77. 349,852 shares of the company were exchanged, compared to its average volume of 950,238. The stock has a market capitalization of C$11.50 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth 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 company has a fifty day simple moving average of C$35.59 and a 200 day simple moving average of C$39.12. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Desjardins decreased their target price on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Scotia dropped 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 report on Friday, May 22nd. TD Securities reduced their price objective 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. Stifel Nicolaus decreased their price objective on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Finally, National Bank Financial lowered their target price on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat, CAE currently has a consensus rating of “Buy” and an average target price of C$48.91.

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.