CAE (TSE:CAE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$34.89 and traded as high as C$35.31. CAE shares last traded at C$35.05, with a volume of 733,030 shares changing hands.

Analyst Upgrades and Downgrades

CAE has been the subject of a number of research analyst reports. National Bank Financial cut CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. 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 upped their price target on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research report on Tuesday, February 18th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, National Bankshares cut shares of CAE from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from C$34.00 to C$38.00 in a report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$37.83.

CAE Trading Up 1.2 %

The company has a market cap of C$11.24 billion, a P/E ratio of -33.71, a PEG ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The business has a 50 day moving average price of C$34.91 and a 200-day moving average price of C$30.83.

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.