Insider Selling: CAE (TSE:CAE) Director Sells C$2,303,676.00 in Stock

CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) Director Matthew Bromberg sold 64,710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the transaction, the director directly owned 46,915 shares in the company, valued at C$1,670,174. This represents a 57.97% decrease in their ownership of the stock.

CAE Stock Up 3.4%

TSE CAE opened at C$36.17 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. The company has a market cap of C$11.63 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 1.76 and a beta of 0.59. The company has a 50 day moving average of C$35.43 and a 200-day moving average of C$39.06. CAE Inc. has a 1-year low of C$31.42 and a 1-year high of C$47.65.

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CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last issued its quarterly earnings results 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 for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Canaccord Genuity Group boosted their price target on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Scotia decreased 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. Stifel Nicolaus decreased 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. TD Securities dropped their target price on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, TD reduced their price target on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research report on Monday, May 25th. Ten research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CAE presently has a consensus rating of “Buy” and a consensus price target of C$48.91.

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About CAE

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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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