CAE (TSE:CAE) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$38.74 and traded as low as C$35.01. CAE shares last traded at C$35.24, with a volume of 1,383,510 shares.

Analysts Set New Price Targets

CAE has been the subject of a number of research reports. Scotia dropped their price target on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a research note on Friday, May 22nd. National Bank Financial reduced their price objective on CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Desjardins lowered their target price on CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD Securities lowered their target price on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, BMO Capital Markets cut their target price on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Ten research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$48.91.

CAE Trading Down 2.9%

The stock has a market cap of C$11.33 billion, a PE ratio of 36.33, a PEG 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 stock has a fifty day moving average price of C$35.63 and a 200 day moving average price of C$38.74.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. The company had revenue of C$1.33 billion for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Insider Buying and Selling at CAE

In other news, insider Mark Hounsell sold 2,673 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$94,597.47. Following the sale, the insider owned 35,687 shares of the company’s stock, valued at approximately C$1,262,962.93. This represents a 6.97% decrease in their ownership of the stock. Also, Director Matthew Bromberg sold 64,710 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the completion of the sale, the director directly owned 46,915 shares in the company, valued at approximately C$1,670,174. This represents a 57.97% decrease in their position. Over the last three months, insiders have sold 87,975 shares of company stock valued at $3,127,182. 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.