CAE (TSE:CAE) Stock Passes Above Fifty Day Moving Average - What's Next?

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE's share price crossed 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 traded.

Wall Street Analyst Weigh In

CAE has been the topic of several recent analyst reports. Cibc World Mkts lowered CAE from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. National Bank Financial cut shares of CAE from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. BMO Capital Markets upped their price objective on shares of CAE from C$38.00 to C$39.00 in a report on Friday, February 14th. Desjardins raised CAE from a "hold" rating to a "buy" rating and boosted their target price for the company from C$32.00 to C$40.00 in a research report on Monday, December 30th. Finally, Bank of America upgraded shares of CAE from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from C$25.00 to C$45.00 in a research note on Friday, March 7th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$37.83.

CAE Trading Down 0.1 %

The company has a 50 day simple moving average of C$34.95 and a 200 day simple moving average of C$30.98. 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 stock has a market capitalization of C$11.25 billion, a PE ratio of -33.76, a P/E/G ratio of 1.76 and a beta of 1.91.

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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.