CAE (TSE:CAE) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$35.01 and traded as high as C$35.65. CAE shares last traded at C$35.04, with a volume of 899,434 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CAE shares. National Bank Financial downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Securities upped their target price on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a research note on Tuesday, February 18th. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and lifted their price target for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. Finally, BMO Capital Markets upped their price objective on shares of CAE from C$38.00 to C$39.00 in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$36.94.

CAE Stock Down 0.2 %

The company has a current ratio of 0.84, a quick ratio of 0.71 and a debt-to-equity ratio of 74.04. The company’s fifty day simple moving average is C$35.05 and its 200 day simple moving average is C$29.80. The firm has a market capitalization of C$11.18 billion, a P/E ratio of -33.54, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91.

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.