CAE (TSE:CAE – Free Report) (NYSE:CAE) had its price objective increased by Desjardins from C$48.00 to C$49.00 in a report published on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.
A number of other equities research analysts have also issued reports on CAE. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from C$43.00 to C$37.00 in a report on Wednesday, July 15th. BMO Capital Markets decreased their price target on CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Stifel Nicolaus cut 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 report on Tuesday, May 26th. TD increased their price target on CAE from C$43.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday. Finally, National Bank Financial reduced their target price on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$48.00.
Check Out Our Latest Stock Report on CAE
CAE Stock Performance
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last issued its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share 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 during the quarter.
Insider Activity at CAE
In other CAE news, insider Phillip C. Copeland sold 2,270 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$80,335.30. Following the transaction, the insider directly owned 10,970 shares in the company, valued at C$388,228.30. This represents a 17.15% decrease in their position. Also, 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 approximately C$1,262,962.93. The trade was a 6.97% decrease in their ownership of the stock. Insiders sold 87,975 shares of company stock worth $3,127,182 over the last quarter. Corporate 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.
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