CAE (TSE:CAE) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$38.74 and traded as low as C$35.01. CAE shares last traded at C$35.24, with a volume of 1,383,510 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank Of Canada lowered their price target 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. Desjardins decreased their target price on CAE from C$52.00 to C$50.00 and set a “buy” rating for the company in a research report on Monday, May 4th. TD decreased their target price on 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. Stifel Nicolaus lowered their target price on CAE from C$50.00 to C$47.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Finally, Scotia dropped their target price on CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a report on Friday, May 22nd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CAE presently has a consensus rating of “Moderate Buy” and an average price target of C$47.92.

CAE Trading Down 1.7%

The firm has a market capitalization of C$11.08 billion, a price-to-earnings ratio of 35.54, a PEG ratio of 1.76 and a beta of 0.57. The business’s 50-day moving average price is C$35.60 and its 200 day moving average price is C$38.69. The company has a debt-to-equity ratio of 60.97, a current ratio of 0.96 and a quick ratio of 0.71.

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

Insider Activity at CAE

In related news, insider Andrew Arnovitz sold 1,408 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$49,829.12. Following the transaction, the insider owned 5,691 shares in the company, valued at approximately C$201,404.49. The trade was a 19.83% decrease in their ownership of the stock. Also, insider Phillip C. Copeland sold 1,770 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total value of C$62,640.30. Following the completion of the transaction, the insider owned 5,906 shares in the company, valued at approximately C$209,013.34. This trade represents a 23.06% decrease in their position. Over the last ninety days, insiders sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by insiders.

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.