CAE (NYSE:CAE) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of CAE Inc (NYSE:CAE) (TSE:CAE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.98 and traded as high as $31.49. CAE shares last traded at $31.1350, with a volume of 484,250 shares.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research downgraded shares of CAE from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 19th. Royal Bank Of Canada reduced their target price on shares of CAE from $41.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of CAE in a research note on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

CAE Trading Down 0.9%

The business’s 50 day simple moving average is $27.99 and its 200-day simple moving average is $27.98. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.83 and a quick ratio of 0.59. The stock has a market capitalization of $10.01 billion, a P/E ratio of 32.10, a PEG ratio of 2.37 and a beta of 1.19.

CAE (NYSE:CAE) (TSE:CAE) last released its quarterly earnings data on Tuesday, November 11th. The aerospace company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. CAE had a return on equity of 7.60% and a net margin of 8.98%.The business had revenue of $897.99 million during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. As a group, analysts forecast that CAE Inc will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CAE. Swiss Life Asset Management Ltd increased its stake in CAE by 13.1% in the third quarter. Swiss Life Asset Management Ltd now owns 62,670 shares of the aerospace company’s stock valued at $1,858,000 after purchasing an additional 7,247 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of CAE during the third quarter worth $42,000. Danske Bank A S acquired a new position in shares of CAE in the 3rd quarter valued at $531,000. XTX Topco Ltd raised its stake in CAE by 225.6% during the 3rd quarter. XTX Topco Ltd now owns 30,798 shares of the aerospace company’s stock worth $913,000 after buying an additional 21,340 shares during the period. Finally, Utah Retirement Systems acquired a new stake in CAE during the 3rd quarter worth $1,058,000. Institutional investors own 67.36% of the company’s stock.

CAE Company Profile

CAE Inc is a global leader in training and simulation technologies, headquartered in Montréal, Canada. The company specializes in the design and manufacture of high-fidelity flight simulators and training systems for civil aviation, defense and security, and healthcare markets. Leveraging advanced software and hardware integration, CAE delivers comprehensive training solutions that address pilot proficiency, mission readiness and patient safety across a wide range of platforms.

In civil aviation, CAE partners with major airlines, aircraft manufacturers and flight schools to provide pilot training services, courseware development and crew scheduling solutions.