CAE (TSE:CAE) Price Target Cut to C$38.00 by Analysts at Bank of America

CAE (TSE:CAE) (NYSE:CAE) had its price target reduced by Bank of America from C$45.00 to C$38.00 in a research note issued on Thursday,BayStreet.CA reports. Bank of America‘s price target would suggest a potential upside of 10.63% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Stifel Nicolaus reduced their price objective on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 26th. Royal Bank Of Canada raised shares of CAE from a “hold” rating to a “moderate buy” rating in a report on Monday, August 17th. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from C$43.00 to C$37.00 in a report on Wednesday, July 15th. Desjardins increased their price target on CAE from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Scotia cut their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CAE currently has an average rating of “Moderate Buy” and a consensus price target of C$47.23.

CAE Stock Down 2.0%

Shares of CAE stock traded down C$0.70 during trading on Thursday, reaching C$34.35. The company had a trading volume of 629,983 shares, compared to its average volume of 937,998. 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 fifty-two week low of C$31.42 and a fifty-two week high of C$47.65. The firm’s fifty day moving average is C$35.97 and its 200-day moving average is C$36.87. The company has a market cap of C$11.06 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57.

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

Insider Buying and Selling at CAE

In other CAE news, insider Mark Hounsell sold 2,673 shares of CAE stock in a transaction on Tuesday, June 9th. The stock was 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 of the company’s stock, valued at C$1,262,962.93. The trade was a 6.97% decrease in their position. Also, insider Pascal Grenier sold 2,434 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$86,139.26. Following the completion of the transaction, the insider directly owned 21,483 shares of the company’s stock, valued at approximately C$760,283.37. The trade was a 10.18% decrease in their position. In the last 90 days, insiders sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by insiders.

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.