CAE (TSE:CAE) Shares Cross Below 200 Day Moving Average – Time to Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$39.79 and traded as low as C$34.88. CAE shares last traded at C$35.50, with a volume of 763,874 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CAE shares. TD Securities decreased their price objective on CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Royal Bank Of Canada decreased their price objective on CAE from C$46.00 to C$42.00 in a report on Monday, April 13th. Canaccord Genuity Group upped their price target on shares of CAE from C$49.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. TD lowered their price objective on CAE from C$53.00 to C$49.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Finally, Canadian Imperial Bank of Commerce boosted their price objective on CAE from C$47.00 to C$56.00 in a research note on Wednesday, January 21st. Nine analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, CAE currently has a consensus rating of “Moderate Buy” and a consensus target price of C$51.10.

CAE Stock Down 1.0%

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 company has a market cap of C$11.31 billion, a price-to-earnings ratio of 29.79, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. The stock’s fifty day moving average is C$37.62 and its two-hundred day moving average is C$39.79.

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

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.