CAE (TSE:CAE) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$40.22 and traded as low as C$35.65. CAE shares last traded at C$36.22, with a volume of 811,591 shares.

Analyst Ratings Changes

A number of analysts recently issued reports on CAE shares. Desjardins lifted their target price on CAE from C$46.00 to C$51.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce increased their price target on CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. TD Securities decreased their price target on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Scotiabank boosted their price target on CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and an average price target of C$49.60.

CAE Trading Down 0.4%

The company has a market cap of C$11.82 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.76 and a beta of 0.56. The business’s 50-day moving average price is C$40.27 and its 200 day moving average price is C$40.18. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share (EPS) for the quarter. CAE had a net margin of 7.73% and a return on equity of 7.50%.

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.