CAE (TSE:CAE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$34.89 and traded as high as C$35.31. CAE shares last traded at C$35.05, with a volume of 733,030 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on CAE. BMO Capital Markets upped their price objective on CAE from C$38.00 to C$39.00 in a report on Friday, February 14th. TD Securities upped their price objective on CAE from C$35.00 to C$39.00 and gave the company a “hold” rating in a report on Tuesday, February 18th. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada upped their price objective on CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. Finally, CIBC increased their target price on CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, CAE currently has an average rating of “Hold” and a consensus price target of C$37.83.

CAE Trading Up 1.2 %

The company has a market cap of C$11.24 billion, a price-to-earnings ratio of -33.71, a PEG ratio of 1.76 and a beta of 1.91. The firm has a 50 day moving average price of C$34.91 and a two-hundred day moving average price of C$30.83. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04.

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.