CAE (TSE:CAE) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$42.38 and traded as high as C$43.89. CAE shares last traded at C$42.24, with a volume of 1,028,831 shares.

Analysts Set New Price Targets

CAE has been the subject of a number of recent analyst reports. Desjardins raised their price objective on CAE from C$46.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. TD Securities increased their price target on CAE from C$46.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Scotiabank boosted their price target on CAE from C$49.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. CIBC upped their price objective on shares of CAE from C$47.00 to C$56.00 in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada lifted their target price on shares of CAE from C$40.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CAE has an average rating of “Moderate Buy” and an average price target of C$48.05.

CAE Trading Down 4.0%

The stock has a 50-day moving average of C$42.38 and a 200 day moving average of C$39.83. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04. The stock has a market cap of C$13.58 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 1.76 and a beta of 0.79.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings results on Tuesday, November 11th. The company reported C$0.23 earnings per share (EPS) for the quarter. The company had revenue of C$1.24 billion during the quarter. CAE had a negative net margin of 7.75% and a negative return on equity of 7.81%.

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.