CAE (TSE:CAE) Shares Down 2.8% - Time to Sell?

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE were down 2.8% during trading on Thursday . The stock traded as low as C$35.43 and last traded at C$35.47. Approximately 112,415 shares were traded during trading, a decline of 83% from the average daily volume of 658,614 shares. The stock had previously closed at C$36.50.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Securities upped their target price on shares of CAE from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Cibc World Mkts downgraded CAE from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. 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. Scotiabank increased their target price on shares of CAE from C$30.00 to C$32.50 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada lifted their price target on shares of CAE from C$27.00 to C$34.00 in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$34.94.

CAE Stock Performance

The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 74.24. The company has a market capitalization of C$11.18 billion, a PE ratio of -32.79, a PEG ratio of 1.76 and a beta of 1.91. The firm's 50-day simple moving average is C$31.30 and its 200-day simple moving average is C$27.10.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.