CAE (TSE:CAE) Stock Rating Lowered by Morgan Stanley

CAE (TSE:CAE) (NYSE:CAE) was downgraded by analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a C$37.00 target price on the stock, down from their previous target price of C$43.00. Morgan Stanley’s price objective would indicate a potential upside of 6.69% from the stock’s previous close.

Several other brokerages have also issued reports on CAE. 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 research note on Monday, May 25th. Scotia reduced their price objective on shares of 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. TD decreased their price objective on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a report on Monday, May 25th. Desjardins lowered their target price on 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. Finally, Royal Bank Of Canada reduced their price target on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$47.92.

CAE Trading Up 0.6%

TSE CAE opened at C$34.68 on Wednesday. CAE has a 52 week low of C$31.42 and a 52 week 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 stock’s 50 day moving average price is C$35.51 and its two-hundred day moving average price is C$38.57. The stock has a market capitalization of C$11.15 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 1.76 and a beta of 0.57.

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

Insider Buying and Selling

In other news, insider Pascal Grenier sold 2,434 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$86,139.26. Following the transaction, the insider directly owned 21,483 shares in the company, valued at C$760,283.37. The trade was a 10.18% decrease in their position. Also, insider Phillip C. Copeland sold 2,270 shares of the business’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$80,335.30. Following the transaction, the insider owned 10,970 shares in the company, valued at C$388,228.30. This represents a 17.15% decrease in their ownership of the stock. Over the last quarter, insiders have sold 87,975 shares of company stock worth $3,127,182. Corporate insiders own 0.15% of the company’s stock.

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.