CAE (TSE:CAE) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$35.65 and traded as high as C$37.77. CAE shares last traded at C$37.70, with a volume of 1,316,408 shares trading hands.

Analysts Set New Price Targets

CAE has been the topic of several recent analyst reports. TD dropped their price target on CAE from C$49.00 to C$43.00 and set a “buy” rating on the stock in a research report on Monday, May 25th. Morgan Stanley cut CAE from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Desjardins dropped their target price on CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. BMO Capital Markets reduced their price target on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research report on Monday, May 25th. Finally, Stifel Nicolaus decreased their price target on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a report on Tuesday, May 26th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and a consensus target price of C$47.92.

CAE Trading Up 4.3%

The firm has a market capitalization of C$12.12 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71. The company has a fifty day moving average of C$35.65 and a 200-day moving average of C$37.82.

CAE (TSE:CAE) (NYSE:CAE) last issued its earnings results on Thursday, May 21st. The company reported C$0.42 EPS for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.The firm had revenue of C$1.33 billion for the quarter.

Insider Buying and Selling at CAE

In related news, insider Alexandre Prevost sold 1,430 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$35.50, for a total transaction of C$50,765.00. Following the transaction, the insider owned 8,981 shares of the company’s stock, valued at approximately C$318,825.50. This trade represents a 13.74% decrease in their ownership of the stock. Also, insider Hélène Violaine Gagnon sold 1,608 shares of CAE stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$56,907.12. Following the completion of the sale, the insider owned 15,601 shares of the company’s stock, valued at C$552,119.39. This trade represents a 9.34% decrease in their ownership of the stock. Insiders sold 87,975 shares of company stock worth $3,127,182 over the last quarter. Insiders own 0.15% of the company’s stock.

About CAE

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.