CAE (TSE:CAE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$38.95 and traded as low as C$36.04. CAE shares last traded at C$36.56, with a volume of 238,840 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada decreased their price objective on CAE from C$42.00 to C$36.00 and set an “outperform” rating for the company in a report on Monday, May 25th. Canaccord Genuity Group lifted 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 target on shares of CAE from C$49.00 to C$43.00 and set a “buy” rating for the company in a research report on Monday, May 25th. National Bank Financial dropped their price objective on shares of CAE from C$53.00 to C$49.00 and set an “outperform” rating on the stock in a research note on Monday, May 25th. Finally, Desjardins cut their price objective on shares of CAE from C$52.00 to C$50.00 and set a “buy” rating on the stock in a report on Monday, May 4th. Ten analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$48.91.

CAE Stock Up 1.0%

The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The company has a fifty day simple moving average of C$35.43 and a 200 day simple moving average of C$38.95. The firm has a market capitalization of C$11.76 billion, a P/E ratio of 37.69, a P/E/G ratio of 1.76 and a beta of 0.59.

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

Insider Buying and Selling at CAE

In other news, insider Alexandre Prevost sold 1,430 shares of the 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 sale, the insider owned 8,981 shares in the company, valued at C$318,825.50. This represents a 13.74% decrease in their ownership of the stock. Also, insider Phillip C. Copeland sold 1,770 shares of the firm’s 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$62,640.30. Following the sale, the insider directly owned 5,906 shares of the company’s stock, valued at C$209,013.34. This trade represents a 23.06% decrease in their position. Insiders sold 87,975 shares of company stock worth $3,127,182 in the last 90 days. 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.