CAE (TSE:CAE) Shares Pass Below 200 Day Moving Average – What’s Next?

CAE Inc. (TSE:CAE) (NYSE:CAE) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$39.63 and traded as low as C$35.45. CAE shares last traded at C$35.52, with a volume of 604,035 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CAE shares. Royal Bank Of Canada lowered their price target on CAE from C$46.00 to C$42.00 in a research report on Monday, April 13th. TD Securities lowered their price target on CAE from C$54.00 to C$53.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Canadian Imperial Bank of Commerce raised their price target on CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. TD lowered their price target on CAE from C$53.00 to C$49.00 and set a “buy” rating on the stock in a research report on Wednesday, April 22nd. Finally, Stifel Nicolaus set a C$50.00 price objective on CAE and gave the stock a “buy” rating in a report on Wednesday, March 4th. Nine analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.00.

CAE Stock Performance

The company has a 50-day simple moving average of C$36.81 and a two-hundred day simple moving average of C$39.60. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91. The firm has a market capitalization of C$11.28 billion, a P/E ratio of 29.69, a PEG ratio of 1.76 and a beta of 0.71.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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.