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

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$39.79 and traded as low as C$34.88. CAE shares last traded at C$35.50, with a volume of 763,874 shares.

Wall Street Analyst Weigh In

Several research firms have issued reports on CAE. National Bank Financial increased their target price on shares of CAE from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. TD reduced their price target on shares of CAE from C$53.00 to C$49.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Canadian Imperial Bank of Commerce lifted their price objective on CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Finally, Canaccord Genuity Group boosted their target price on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$51.10.

CAE Price Performance

The business’s 50 day moving average is C$37.62 and its two-hundred day moving average is C$39.79. The firm has a market capitalization of C$11.42 billion, a PE ratio of 30.08, a P/E/G ratio of 1.76 and a beta of 0.71. The company has a debt-to-equity ratio of 62.81, a current ratio of 0.91 and a quick ratio of 0.71.

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

About CAE

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.