CAE (TSE:CAE) Stock Passes Below 200 Day Moving Average – Here’s Why

CAE Inc. (TSE:CAE) (NYSE:CAE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$39.63 and traded as low as C$35.45. CAE shares last traded at C$35.52, with a volume of 604,035 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CAE shares. TD decreased their price objective on CAE from C$53.00 to C$49.00 and set a “buy” rating for the company in a report on Wednesday, April 22nd. Canadian Imperial Bank of Commerce raised their price objective on CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. National Bank Financial raised their price objective on CAE from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Scotiabank raised their price objective on CAE from C$49.00 to C$57.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, Canaccord Genuity Group raised their price objective on CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$51.00.

CAE Price Performance

The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of 62.81. The firm has a market cap of C$11.43 billion, a P/E ratio of 30.10, a PEG ratio of 1.76 and a beta of 0.71. The business has a fifty day moving average of C$36.95 and a 200 day moving average of C$39.63.

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

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.