CAE (TSE:CAE) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Key Points

• CAE shares fell below their 200-day moving average, trading as low as C$35.65 and last at C$36.22 versus the 200-day MA of C$40.22 on volume of 811,591 shares.
• Analysts remain broadly positive: eight Buy and two Hold ratings, with a consensus price target of C$49.60 after multiple firms raised targets recently.
• Valuation and recent results show a market cap of about C$11.66 billion, a P/E of 30.69 and PEG of 1.76, and the company reported C$0.34 EPS last quarter with a net margin of 7.73%.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$40.22 and traded as low as C$35.65. CAE shares last traded at C$36.22, with a volume of 811,591 shares traded.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CAE shares. Royal Bank Of Canada lifted their price target on CAE from C$40.00 to C$46.00 and gave the company a "sector perform" rating in a report on Monday, January 12th. Canaccord Genuity Group raised shares of CAE from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$38.00 to C$49.00 in a report on Friday, March 13th. TD Securities lowered their price objective on shares of CAE from C$54.00 to C$53.00 and set a "buy" rating for the company in a research report on Tuesday, March 24th. Stifel Nicolaus set a C$50.00 target price on shares of CAE and gave the stock a "buy" rating in a research note on Wednesday, March 4th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of CAE from C$47.00 to C$56.00 in a research report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, CAE presently has an average rating of "Moderate Buy" and a consensus price target of C$49.60.

CAE Stock Up 2.0%

The business's 50-day moving average is C$40.64 and its two-hundred day moving average is C$40.22. The firm has a market capitalization of C$11.66 billion, a price-to-earnings ratio of 30.69, a P/E/G ratio of 1.76 and a beta of 0.56. The company has a debt-to-equity ratio of 62.81, a quick ratio of 0.71 and a current ratio of 0.91.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last posted its earnings results on Thursday, February 12th. The company reported C$0.34 earnings per share for the quarter. CAE had a return on equity of 7.50% and a net margin of 7.73%.

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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