CAE (TSE:CAE) Stock Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• CAE Inc.'s stock price fell below its fifty-day moving average of C$38.30, trading as low as C$38.19, raising concerns among investors about potential selling pressure.
• Despite the short-term decline, several analysts have upgraded CAE's stock rating to "strong buy" and raised their target prices significantly, indicating a generally optimistic long-term outlook.
• Currently, the stock has a consensus rating of "Moderate Buy" with a target price of C$41.82, reflecting positive sentiment among analysts despite recent trading challenges.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE's share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$38.30 and traded as low as C$38.19. CAE shares last traded at C$38.68, with a volume of 599,990 shares changing hands.

Wall Street Analysts Forecast Growth

CAE has been the subject of several research reports. Cibc World Mkts upgraded CAE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. BMO Capital Markets boosted their target price on CAE from C$40.00 to C$50.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Scotiabank boosted their target price on CAE from C$42.00 to C$46.50 and gave the stock an "outperform" rating in a report on Thursday, August 14th. National Bankshares boosted their target price on CAE from C$43.00 to C$48.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Finally, TD Securities upgraded CAE from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$40.00 to C$44.00 in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$41.82.

CAE Stock Up 0.4%

The business has a 50-day simple moving average of C$38.30 and a two-hundred day simple moving average of C$36.96. The stock has a market capitalization of C$12.40 billion, a P/E ratio of 29.75, a PEG ratio of 1.76 and a beta of 1.25. The company has a quick ratio of 0.71, a current ratio of 0.84 and a debt-to-equity ratio of 74.04.

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.

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