CAE (TSE:CAE) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$35.01 and traded as high as C$35.65. CAE shares last traded at C$35.04, with a volume of 899,434 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CAE shares. CIBC lifted their target price on CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. TD Securities raised their price objective on CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a research note on Tuesday, February 18th. Scotiabank upped their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. National Bank Financial downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$36.94.

CAE Trading Down 0.2 %

The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a fifty day simple moving average of C$35.05 and a two-hundred day simple moving average of C$29.80. The firm has a market capitalization of C$11.18 billion, a P/E ratio of -33.54, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.