Analysts Set CAE Inc. (TSE:CAE) Target Price at C$47.92

Shares of CAE Inc. (TSE:CAEGet Free Report) (NYSE:CAE) have received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$47.92.

CAE has been the subject of a number of research reports. Royal Bank Of Canada cut their price objective on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a report on Monday, May 25th. TD decreased their price objective on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a report on Monday, May 25th. Scotia dropped their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research report on Friday, May 22nd. Desjardins reduced their price target on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, Canaccord Genuity Group lifted their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd.

Check Out Our Latest Analysis on CAE

Insider Buying and Selling

In related news, insider Andrew Arnovitz sold 1,408 shares of the business’s 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 value of C$49,829.12. Following the completion of the transaction, the insider directly owned 5,691 shares in the company, valued at C$201,404.49. The trade was a 19.83% decrease in their position. Also, insider Hélène Violaine Gagnon sold 1,608 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$56,907.12. Following the transaction, the insider directly owned 15,601 shares in the company, valued at C$552,119.39. The trade was a 9.34% decrease in their ownership of the stock. Insiders have sold a total of 87,975 shares of company stock valued at $3,127,182 over the last three months. Insiders own 0.15% of the company’s stock.

CAE Trading Up 2.6%

TSE CAE opened at C$36.45 on Tuesday. 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 business has a fifty day simple moving average of C$35.41 and a 200 day simple moving average of C$38.19. CAE has a 12 month low of C$31.42 and a 12 month high of C$47.65. The firm has a market capitalization of C$11.72 billion, a P/E ratio of 37.58, a PEG ratio of 1.76 and a beta of 0.57.

CAE (TSE:CAEGet Free Report) (NYSE:CAE) last issued its quarterly earnings results 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.

About CAE

(Get Free Report)

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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Analyst Recommendations for CAE (TSE:CAE)

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