CAE (TSE:CAE) Shares Pass Above 50 Day Moving Average – What’s Next?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$35.07 and traded as high as C$36.94. CAE shares last traded at C$36.48, with a volume of 586,207 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CAE. Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC increased their price objective on shares of CAE from C$37.00 to C$39.00 in a report on Tuesday, February 18th. BMO Capital Markets lifted their target price on shares of CAE from C$38.00 to C$39.00 in a research report on Friday, February 14th. Bank of America upgraded shares of CAE from an “underperform” rating to a “neutral” rating and upped their price target for the stock from C$25.00 to C$45.00 in a research report on Friday, March 7th. Finally, TD Securities lifted their price objective on CAE from C$35.00 to C$39.00 and gave the stock a “hold” rating in a 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$37.83.

CAE Stock Performance

The firm has a fifty day moving average of C$35.14 and a 200 day moving average of C$31.41. The stock has a market cap of C$11.59 billion, a price-to-earnings ratio of -34.75, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71.

About CAE

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.