CAE (TSE:CAE) Share Price Crosses Below Two Hundred Day Moving Average of $27.58

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$27.58 and traded as low as C$27.15. CAE shares last traded at C$27.61, with a volume of 508,288 shares.

Wall Street Analyst Weigh In

CAE has been the subject of a number of research analyst reports. Desjardins dropped their price target on CAE from C$35.00 to C$30.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Scotiabank dropped their target price on shares of CAE from C$31.00 to C$30.00 and set a “sector perform” rating for the company in a report on Thursday, February 15th. National Bankshares reduced their price target on shares of CAE from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. CIBC cut their price objective on CAE from C$37.00 to C$32.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Finally, TD Securities lowered their target price on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$32.80.

CAE Trading Up 1.4 %

The company has a market cap of C$8.91 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 1.76 and a beta of 1.91. The company has a current ratio of 0.90, a quick ratio of 0.71 and a debt-to-equity ratio of 67.89. The business has a 50 day simple moving average of C$26.63 and a two-hundred day simple moving average of C$27.56.

CAE (TSE:CAE) (NYSE:CAE) last issued its quarterly earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.24. The firm had revenue of C$1.09 billion for the quarter, compared to analyst estimates of C$1.09 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%. On average, analysts forecast that CAE Inc. will post 1.2964371 EPS for the current fiscal year.

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.