CAE (TSE:CAE) Insider Mark Hounsell Sells 2,673 Shares

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Mark Hounsell sold 2,673 shares of CAE 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$94,597.47. Following the transaction, the insider directly owned 35,687 shares in the company, valued at C$1,262,962.93. This represents a 6.97% decrease in their position.

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 transaction of C$73,788.15.

CAE Price Performance

TSE:CAE traded down C$0.08 during trading hours on Friday, hitting C$35.45. 345,476 shares of the stock traded hands, compared to its average volume of 961,699. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. CAE Inc. has a 1 year low of C$31.42 and a 1 year high of C$47.65. The company has a market cap of C$11.40 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. The stock has a 50 day moving average price of C$35.86 and a 200 day moving average price of C$39.22.

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

Analyst Ratings Changes

CAE has been the topic of several research analyst reports. Scotia lowered their target price on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd. TD lowered their target price on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday, May 25th. Stifel Nicolaus lowered 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 report on Tuesday, May 26th. Desjardins lowered their target price on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Finally, Canaccord Genuity Group boosted their target price on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$48.91.

Key Headlines Impacting CAE

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.