CAE Inc. (TSE:CAE) (NYSE:CAE) has received an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$24.66.
Several equities analysts have recently weighed in on the company. Scotiabank increased their price target on CAE from C$24.00 to C$24.25 and gave the company an “outperform” rating in a report on Monday, February 12th. BMO Capital Markets increased their price target on CAE from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Tuesday, April 3rd. National Bank Financial increased their price target on CAE from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Wednesday, April 11th. AltaCorp Capital reissued a “sector perform” rating on shares of CAE in a report on Tuesday, February 13th. Finally, Royal Bank of Canada raised CAE from a “reduce” rating to an “outperform” rating and increased their price target for the company from C$25.00 to C$26.00 in a report on Monday, February 12th.
In related news, insider Gennaro Colabatistto bought 11,220 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were bought at an average cost of C$18.19 per share, with a total value of C$204,091.80. Also, insider Mark Hounsell sold 1,700 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of C$23.65, for a total value of C$40,205.00. Insiders have sold a total of 2,377 shares of company stock worth $55,973 over the last three months.
CAE opened at C$24.38 on Monday, MarketBeat.com reports. CAE has a 12-month low of C$19.57 and a 12-month high of C$25.13.
CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Friday, February 9th. The company reported C$0.28 earnings per share for the quarter, missing the consensus estimate of C$0.29 by C($0.01). The firm had revenue of C$704.40 million for the quarter, compared to the consensus estimate of C$734.97 million. CAE had a net margin of 17.02% and a return on equity of 22.67%.
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment worldwide. It operates in three segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare. The Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services.
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