CAE (TSE:CAE) Shares Pass Above 50 Day Moving Average - Here's What Happened

Key Points

• CAE shares rose 2.1% and moved above their 50-day moving average of C$35.97, reaching as high as C$38.61 on trading volume of more than 1 million shares.
• Analyst sentiment remains broadly positive: 10 analysts rate the stock Buy and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of C$47.92.
• Recent insider activity was negative, with insiders selling 87,975 shares worth approximately C$3.13 million over the past three months; insiders own just 0.15% of the company.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE's share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$35.97 and traded as high as C$38.61. CAE shares last traded at C$38.59, with a volume of 1,082,112 shares trading hands.

Analyst Ratings Changes

A number of research firms recently commented on CAE. Canaccord Genuity Group raised their price target on shares of CAE from C$49.00 to C$50.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Desjardins cut their price objective on shares of CAE from C$52.00 to C$50.00 and set a "buy" rating for the company in a report on Monday, May 4th. BMO Capital Markets decreased their target price on shares of CAE from C$50.00 to C$47.00 and set an "outperform" rating on the stock in a research report on Monday, May 25th. Stifel Nicolaus decreased their target price on shares of CAE from C$50.00 to C$47.00 and set a "buy" rating on the stock in a research report on Tuesday, May 26th. Finally, National Bank Financial lowered their target price on shares of CAE from C$53.00 to C$49.00 and set an "outperform" rating on the stock in a report on Monday, May 25th. Ten research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$47.92.

CAE Trading Up 2.1%

The business has a 50-day moving average price of C$35.97 and a two-hundred day moving average price of C$37.46. The stock has a market capitalization of C$12.41 billion, a P/E ratio of 39.78, a P/E/G ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 60.97.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 EPS for the quarter. The company had revenue of C$1.17 billion for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Insider Activity

In other CAE news, insider Alexandre Prevost sold 1,430 shares of the firm's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$35.50, for a total value of C$50,765.00. Following the transaction, the insider directly owned 8,981 shares of the company's stock, valued at C$318,825.50. This trade represents a 13.74% decrease in their position. Also, insider Phillip C. Copeland sold 1,770 shares of the firm's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total transaction of C$62,640.30. Following the completion of the transaction, the insider directly owned 5,906 shares in the company, valued at approximately C$209,013.34. This represents a 23.06% decrease in their ownership of the stock. Over the last three months, insiders sold 87,975 shares of company stock valued at $3,127,182. Company insiders own 0.15% of the company's stock.

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. CAE has many different training locations where clients can be trained and educated through a series of programs. Additionally, part of the revenues come from supplying aviation personnel on a lease, along with providing aviation support organizations.

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