CAE (TSE:CAE) Insider Alexandre Prevost Sells 1,430 Shares of 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 shares were sold at an average price of C$35.50, for a total transaction 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 shares were sold at an average price of C$35.39, for a total transaction 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 transaction of C$35,956.24.

CAE Price Performance

TSE:CAE opened at C$36.32 on Thursday. CAE Inc. has a one year low of C$31.42 and a one year high of C$47.65. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96. The firm has a market cap of C$11.68 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 1.76 and a beta of 0.59. The firm’s fifty day moving average is C$35.77 and its two-hundred day moving average is C$39.19.

CAE (TSE:CAE) (NYSE:CAE) last posted 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 company had revenue of C$1.33 billion for the quarter.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. TD Securities cut their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. BMO Capital Markets cut their price objective on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Monday, May 25th. National Bank Financial cut their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Finally, TD cut their price objective on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a report on Monday, May 25th. Eleven investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CAE currently has a consensus rating of “Buy” and an average price target of C$48.91.

About CAE

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.