CAE (TSE:CAE) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

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$35.07 and traded as high as C$36.94. CAE shares last traded at C$36.48, with a volume of 586,207 shares.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CAE shares. Cibc World Mkts lowered shares of CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. National Bank Financial cut CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. TD Securities increased their target price on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research report on Tuesday, February 18th. Desjardins raised CAE from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, Bank of America upgraded CAE from an “underperform” rating to a “neutral” rating and upped their price target for the stock from C$25.00 to C$45.00 in a research note on Friday, March 7th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, CAE has an average rating of “Hold” and an average price target of C$37.83.

CAE Price Performance

The company has a debt-to-equity ratio of 74.04, a quick ratio of 0.71 and a current ratio of 0.84. The firm has a market capitalization of C$11.59 billion, a PE ratio of -34.75, a P/E/G ratio of 1.76 and a beta of 1.91. The stock has a fifty day moving average price of C$35.14 and a 200-day moving average price of C$31.41.

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.