CAE (TSE:CAE) Insider Pascal Grenier Sells 2,434 Shares

CAE Inc. (TSE:CAE) (NYSE:CAE) insider Pascal Grenier sold 2,434 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$86,139.26. Following the completion of the transaction, the insider directly owned 21,483 shares in the company, valued at approximately C$760,283.37. This represents a 10.18% decrease in their ownership of the stock.

Pascal Grenier also recently made the following trade(s):

• On Tuesday, June 9th, Pascal Grenier sold 1,898 shares of CAE stock. The stock was sold at an average price of C$35.39, for a total transaction of C$67,170.22.

CAE Price Performance

Shares of TSE:CAE traded down C$0.08 during midday trading on Friday, hitting 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 12-month low of C$31.42 and a 12-month high of C$47.65. The company has a market cap of C$11.40 billion, a P/E ratio of 36.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. 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 business’s 50 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 quarterly earnings data on Thursday, May 21st. The company reported C$0.42 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

CAE has been the topic of a number of analyst reports. TD reduced their target price on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note 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 research note on Thursday, April 23rd. National Bank Financial reduced their target price on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. BMO Capital Markets reduced their target price on CAE from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a research report on Monday, May 25th. Finally, Stifel Nicolaus reduced their target price on CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$48.91.

CAE News Roundup

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

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.