CAE (TSE:CAE) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

CAE Inc. (TSE:CAE) (NYSE:CAE) shares passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$36.87 and traded as high as C$37.54. CAE shares last traded at C$36.89, with a volume of 778,004 shares traded.

Wall Street Analysts Forecast Growth

CAE has been the subject of several research reports. Bank of America dropped their target price on CAE from C$45.00 to C$38.00 in a research report on Thursday, August 27th. Scotiabank dropped their price objective on CAE from C$50.00 to C$48.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 15th. RBC Dominion Securities increased their price target on CAE from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Barclays set a C$54.00 target price on CAE and gave the company an “overweight” rating in a report on Friday, October 9th. Finally, Scotia lifted their target price on CAE from C$48.00 to C$49.00 and gave the stock a “sector outperform” rating in a report on Tuesday, October 27th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$46.93.

CAE Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The firm has a market cap of C$12.24 billion, a price-to-earnings ratio of 42.72, a P/E/G ratio of 1.76 and a beta of 0.57. The stock has a 50 day moving average of C$34.34 and a 200 day moving average of C$36.79.

CAE (TSE:CAE) (NYSE:CAE) last announced its earnings results on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. The company had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with sites and training locations in over 40 countries.