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$25.03 and traded as high as C$26.98. CAE shares last traded at C$26.96, with a volume of 550,081 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. National Bankshares lowered their target price on shares of CAE from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada upgraded CAE from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 15th. Scotiabank lifted their target price on CAE from C$29.00 to C$30.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Desjardins dropped their price target on CAE from C$29.00 to C$28.00 and set a “hold” rating for the company in a research note on Wednesday, July 17th. Finally, Canaccord Genuity Group reduced their price objective on CAE from C$28.50 to C$27.00 in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$30.60.

CAE Trading Up 0.6 %

The firm has a fifty day moving average of C$25.03 and a 200 day moving average of C$25.38. The firm has a market capitalization of C$8.59 billion, a PE ratio of -25.20, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89.

CAE (TSE:CAE) (NYSE:CAE) last posted its quarterly earnings data on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.20 by C$0.01. The company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.05 billion. CAE had a negative net margin of 7.39% and a negative return on equity of 7.43%.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.