Insider Selling: CAE (TSE:CAE) Insider Sells C$50,765.00 in Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Alexandre Prevost sold 1,430 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$35.50, for a total value of C$50,765.00. Following the completion of the sale, the insider directly owned 8,981 shares in the company, valued at approximately C$318,825.50. The trade was a 13.74% decrease in their ownership of the stock.

Alexandre Prevost also recently made the following trade(s):

• On Tuesday, June 9th, Alexandre Prevost sold 792 shares of CAE stock. The stock was sold at an average price of C$35.39, for a total value of C$28,028.88.
• On Tuesday, June 9th, Alexandre Prevost sold 1,016 shares of CAE stock. The shares were sold at an average price of C$35.39, for a total value of C$35,956.24.

CAE Stock Performance

Shares of CAE stock opened at C$35.49 on Friday. CAE Inc. has a 12 month low of C$31.42 and a 12 month high of C$47.65. The stock has a market cap of C$11.41 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. 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’s fifty day moving average price is C$35.70 and its 200-day moving average price is C$39.14.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on CAE. Desjardins dropped their price target on 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. Scotia lowered their price objective on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research note on Friday, May 22nd. TD cut their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Stifel Nicolaus reduced their price target on CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Finally, National Bank Financial lowered their price target on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Eleven research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$48.91.

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.