CAE (TSE:CAE) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CAE. TD lowered their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a report on Monday, May 25th. Royal Bank Of Canada dropped their price objective on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Scotia decreased their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 22nd. 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 note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, CAE presently has an average rating of “Moderate Buy” and a consensus target price of C$47.92.

CAE Stock Performance

The firm has a market cap of C$12.41 billion, a P/E ratio of 39.78, a P/E/G 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. The company’s 50 day moving average is C$35.97 and its 200 day moving average is C$37.46.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$1.17 billion for the quarter. CAE had a net margin of 6.37% and a return on equity of 6.12%.

Insider Buying and Selling

In related news, insider Mark Hounsell sold 2,673 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$94,597.47. Following the sale, the insider owned 35,687 shares in the company, valued at C$1,262,962.93. The trade was a 6.97% decrease in their position. Also, Director Matthew Bromberg sold 64,710 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was 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 of the company’s stock, valued at approximately C$1,670,174. The trade was a 57.97% decrease in their position. Insiders sold 87,975 shares of company stock worth $3,127,182 in the last ninety days. 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.