Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$32.51 and traded as high as C$34.34. CAE shares last traded at C$33.87, with a volume of 473,575 shares.
Analysts Set New Price Targets
CAE has been the subject of a number of recent analyst reports. Scotiabank lifted their price target on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on shares of CAE from C$28.00 to C$30.00 in a research report on Thursday, November 14th. Cibc World Mkts cut shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Desjardins raised shares of CAE from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. Finally, CIBC boosted their price objective on shares of CAE from C$33.00 to C$37.00 and gave the company a "neutral" rating in a research report on Monday, December 23rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of C$35.06.
Get Our Latest Stock Analysis on CAE
CAE Price Performance
The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The firm has a market cap of C$10.79 billion, a price-to-earnings ratio of -31.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The stock's 50 day simple moving average is C$32.68 and its 200-day simple moving average is C$27.58.
CAE Company Profile
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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.
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