CAE (TSE:CAE) Insider Sells C$80,335.30 in Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Phillip Copeland sold 2,270 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$80,335.30. Following the completion of the transaction, the insider directly owned 10,970 shares of the company’s stock, valued at approximately C$388,228.30. The trade was a 17.15% decrease in their ownership of the stock.

CAE Stock Down 0.2%

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

CAE (TSE:CAE) (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 net margin of 6.37% and a return on equity of 6.12%. The firm had revenue of C$1.33 billion for the quarter.

Analysts Set New Price Targets

CAE has been the topic of a number of analyst reports. Canaccord Genuity Group upped their price objective on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Desjardins dropped their price objective on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. BMO Capital Markets dropped their target price on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a report on Monday, May 25th. Scotia dropped 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. Finally, TD dropped 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. Eleven investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$48.91.

CAE News Summary

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

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.