CAE (TSE:CAE) Shares Pass Above 50 Day Moving Average – Should You Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$33.95 and traded as high as C$35.72. CAE shares last traded at C$35.10, with a volume of 217,652 shares.

Analyst Ratings Changes

Several brokerages have issued reports on CAE. National Bankshares downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from C$34.00 to C$38.00 in a research report on Thursday, January 30th. Bank of America raised shares of CAE from an “underperform” rating to a “neutral” rating and raised their price target for the company from C$25.00 to C$45.00 in a report on Friday, March 7th. CIBC boosted their price objective on shares of CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. National Bank Financial downgraded CAE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, BMO Capital Markets boosted their price target on CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, CAE presently has a consensus rating of “Hold” and an average price target of C$37.95.

CAE Trading Down 1.8 %

The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The company has a market cap of C$11.22 billion, a P/E ratio of -33.66, a P/E/G ratio of 1.76 and a beta of 1.91. The business has a fifty day simple moving average of C$33.95 and a 200 day simple moving average of C$33.05.

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.