CAE (TSE:CAE) Price Target Raised to C$45.00 at TD

CAE (TSE:CAE) (NYSE:CAE) had its target price raised by TD from C$43.00 to C$45.00 in a report published on Friday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Scotia cut 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 note on Friday, May 22nd. Royal Bank Of Canada lowered their price target 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. Desjardins lowered their target price on shares of 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. Canaccord Genuity Group lifted their price target on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from C$43.00 to C$37.00 in a report on Wednesday, July 15th. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$48.00.

CAE Stock Down 1.0%

Shares of CAE stock opened at C$36.25 on Friday. The company has a market cap of C$11.66 billion, a P/E ratio of 37.37, a PEG ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 59.43, a quick ratio of 0.71 and a current ratio of 0.83. CAE has a one year low of C$31.42 and a one year high of C$47.65. The firm has a fifty day moving average of C$36.01 and a two-hundred day moving average of C$37.39.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The business had revenue of C$1.17 billion for the quarter. CAE had a net margin of 5.75% and a return on equity of 5.47%.

Insider Buying and Selling at CAE

In related news, insider Mark Hounsell sold 2,673 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$94,597.47. Following the sale, the insider owned 35,687 shares in the company, valued at approximately C$1,262,962.93. This trade represents a 6.97% decrease in their ownership of the stock. Also, insider Phillip C. Copeland sold 2,270 shares of CAE 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 completion of the sale, the insider directly owned 10,970 shares of the company’s stock, valued at C$388,228.30. The trade was a 17.15% decrease in their ownership of the stock. In the last ninety days, insiders have sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is owned by corporate insiders.

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.