CAE (TSE:CAE) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$35.97 and traded as high as C$38.61. CAE shares last traded at C$38.59, with a volume of 1,082,112 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. National Bank Financial dropped their price target on CAE from C$53.00 to C$49.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. Scotia decreased their price objective on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd. Desjardins increased their target price on CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lowered their target price on CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Finally, Royal Bank Of Canada cut their target price on shares of CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$48.00.

CAE Stock Down 1.0%

The business’s fifty day moving average is C$36.00 and its two-hundred day moving average is C$37.40. The company has a market cap of C$11.66 billion, a P/E ratio of 37.37, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 60.97, a quick ratio of 0.71 and a current ratio of 0.96.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share 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$1.17 billion during the quarter.

Insider Activity

In other CAE news, insider Andrew Arnovitz sold 1,408 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$49,829.12. Following the sale, the insider owned 5,691 shares of the company’s stock, valued at approximately C$201,404.49. The trade was a 19.83% decrease in their position. Also, Director Matthew Bromberg sold 64,710 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the completion of the transaction, the director directly owned 46,915 shares in the company, valued at approximately C$1,670,174. The trade was a 57.97% decrease in their ownership of the stock. In the last 90 days, insiders have sold 87,975 shares of company stock worth $3,127,182. Company 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.