$CAE stock poked above its 200 day moving average on January 23, 2023. Caution is warranted until the stock confirms the break above the 200 day moving average by trading above it for three consecutive days. The stock is in a technical uptrend.
CAE’s CEO Marc Parent accepts Order of Canada insignia
At an investiture ceremony that took place in Ottawa on December 14, 2022, in front of Their Excellencies The Right Honourable Mary Simons, Governor General of Canada, and her spouse, Whit Fraser, Marc Parent, President and Chief Executive Officer of CAE, accepted the Order of Canada insignia. In November 2020, Marc Parent received a formal appointment to the Order of Canada in recognition of his exceptional accomplishments, commitment to the community, and service to the country.
“Being appointed to the Order of Canada is the honour of a lifetime. I am truly humbled,” said Mr. Parent. “I will wear the Order’s insignia with great pride and recognition of the many people at CAE, within the aerospace industry, and at charitable organizations with which I have worked, who have energized and motivated me every step of the way.”
Marc Parent has worked in the aerospace sector for more than 35 years. Since joining CAE in 2005, he has overseen the company’s expansion past the production of simulation products to include solutions, services, and technologies that improve human performance, all the while continuously seeking out novel approaches to give back to Canada. Under his direction, CAE has grown to be the world’s largest provider of civil aviation training services as well as a leader in training and mission support solutions for the defense and security forces as well as the healthcare industries, with the ultimate goal of preparing people for the moments that matter.
Marc Parent guided CAE to become the first Canadian aerospace company to achieve carbon-neutrality in 2020. Marc Parent is committed to developing technology to expedite the development and safe adoption of innovations that will change the world.
Marc Parent is guiding CAE toward game-changing innovations that will make the aerospace industry even more effective, greener, and safe in the future than it already is.
CAE upgraded to Overweight from Equal Weight at Morgan Stanley
On December 12, 2022, Morgan Stanley analyst Kristine Liwag raised the rating of CAE from Equal Weight to Overweight and increased her price target from C$35 to C$36. The analyst is still optimistic about the aerospace industry’s ongoing recovery following COVID-19. According to Liwag’s research note to investors, aerospace will be both a growth and defensive industry in 2023 due to a shortage of aircraft in the midst of high demand.