CAE (TSE:CAE) Shares Cross Above 50 Day Moving Average – What’s Next?

CAE Inc. (TSE:CAE) (NYSE:CAE) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$35.65 and traded as high as C$37.77. CAE shares last traded at C$37.70, with a volume of 1,316,408 shares.

Analysts Set New Price Targets

CAE has been the subject of several research analyst reports. Morgan Stanley lowered CAE from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from C$43.00 to C$37.00 in a research report on Wednesday, July 15th. Scotia lowered their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a report on Friday, May 22nd. Canaccord Genuity Group increased their price target on CAE from C$49.00 to C$50.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Desjardins dropped their target price on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, May 4th. Finally, TD cut their target price on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research note on Monday, May 25th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$47.92.

CAE Stock Performance

The firm has a market cap of C$12.08 billion, a P/E ratio of 38.72, a PEG ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97. The company’s 50-day moving average is C$35.76 and its two-hundred day moving average is C$37.69.

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

Insider Activity at CAE

In related news, insider Phillip C. Copeland sold 1,770 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$62,640.30. Following the transaction, the insider directly owned 5,906 shares of the company’s stock, valued at approximately C$209,013.34. The trade was a 23.06% decrease in their position. Also, insider Alexandre Prevost sold 1,430 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$35.50, for a total transaction of C$50,765.00. Following the transaction, the insider owned 8,981 shares of the company’s stock, valued at approximately C$318,825.50. The trade was a 13.74% decrease in their position. Insiders sold a total of 87,975 shares of company stock valued at $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.