CAE (TSE:CAE) Director Matthew Bromberg Sells 64,710 Shares

CAE Inc. (TSE:CAE) (NYSE:CAE) Director Matthew Bromberg sold 64,710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the completion of the transaction, the director directly owned 46,915 shares of the company’s stock, valued at approximately C$1,670,174. This trade represents a 57.97% decrease in their ownership of the stock.

CAE Stock Up 0.6%

CAE stock opened at C$35.54 on Thursday. The firm has a 50 day simple moving average of C$35.54 and a 200 day simple moving average of C$39.10. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. CAE Inc. has a 1-year low of C$31.42 and a 1-year high of C$47.65. The firm has a market capitalization of C$11.42 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 1.76 and a beta of 0.59.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on CAE. TD cut their target price on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research note on Monday, May 25th. Scotia decreased their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 22nd. BMO Capital Markets lowered their price target 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. Stifel Nicolaus cut their price objective on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Finally, Desjardins cut their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. Eleven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, CAE has a consensus rating of “Buy” and an average price target 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.