Phillip Copeland Sells 2,270 Shares of CAE (TSE:CAE) Stock

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Phillip Copeland sold 2,270 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position.

CAE Price Performance

Shares of TSE:CAE traded down C$0.08 during midday trading on Friday, reaching C$35.45. The company’s stock had a trading volume of 345,476 shares, compared to its average volume of 961,699. CAE Inc. has a fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The company has a market capitalization of C$11.40 billion, a P/E ratio of 36.55, a P/E/G ratio of 1.76 and a beta of 0.59. 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 business’s fifty day simple moving average is C$35.86 and its 200-day simple moving average is C$39.22.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The company had revenue of C$1.33 billion during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CAE shares. National Bank Financial lowered their price objective 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. Canaccord Genuity Group lifted their target price on shares of CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets decreased their target price on CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. TD decreased their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research report on Monday, May 25th. Finally, Scotia decreased 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. Eleven equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$48.91.

Key Stories Impacting CAE

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.