CAE (TSE:CAE) Stock Price Crosses Above Fifty Day Moving Average of $26.75

CAE Inc. (TSE:CAE) (NYSE:CAE) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$26.75 and traded as high as C$27.42. CAE shares last traded at C$27.10, with a volume of 280,079 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CAE. TD Securities decreased their price objective on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a report on Thursday, February 15th. CIBC decreased their price target on shares of CAE from C$37.00 to C$32.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Scotiabank decreased their price target on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a research note on Thursday, February 15th. Desjardins decreased their price target on shares of CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Finally, National Bankshares decreased their price target on shares of CAE from C$36.00 to C$34.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$33.36.

CAE Stock Performance

The business’s fifty day moving average price is C$26.75 and its 200-day moving average price is C$28.17. The company has a debt-to-equity ratio of 67.89, a quick ratio of 0.71 and a current ratio of 0.90. The stock has a market cap of C$8.63 billion, a PE ratio of 31.51, a P/E/G ratio of 1.76 and a beta of 1.91.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.24. The firm had revenue of C$1.09 billion for the quarter, compared to the consensus estimate of C$1.09 billion. CAE had a net margin of 6.13% and a return on equity of 6.24%. As a group, equities research analysts forecast that CAE Inc. will post 1.2964371 EPS for the current fiscal year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.