CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) has been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$47.23.
CAE has been the subject of a number of recent research reports. Desjardins increased their price objective on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. National Bank Financial decreased their price target on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Morgan Stanley lowered shares of CAE from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. Scotia dropped their price objective 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. Finally, Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 17th.
Read Our Latest Research Report on CAE
CAE Stock Performance
CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share (EPS) for the quarter. The firm had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.
Insider Activity
In related news, Director Matthew Bromberg sold 64,710 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the completion of the transaction, the director directly owned 46,915 shares of the company’s stock, valued at C$1,670,174. This represents a 57.97% decrease in their ownership of the stock. 0.15% of the stock is currently owned by company insiders.
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.
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