CAE (TSE:CAE) Shares Cross Above 50-Day Moving Average - Time to Sell?

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$33.95 and traded as high as C$35.72. CAE shares last traded at C$35.10, with a volume of 217,652 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CAE shares. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Royal Bank of Canada cut their price objective on shares of CAE from C$43.00 to C$41.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. BMO Capital Markets raised their price objective on CAE from C$38.00 to C$39.00 in a research note on Friday, February 14th. CIBC increased their target price on CAE from C$37.00 to C$39.00 in a research report on Tuesday, February 18th. Finally, TD Securities boosted their price target on shares of CAE from C$35.00 to C$39.00 and gave the stock a "hold" rating in a research report on Tuesday, February 18th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CAE currently has an average rating of "Moderate Buy" and a consensus target price of C$38.45.

CAE Stock Up 0.0 %

The company has a debt-to-equity ratio of 74.04, a current ratio of 0.84 and a quick ratio of 0.71. The firm has a market cap of C$11.54 billion, a price-to-earnings ratio of -34.61, a P/E/G ratio of 1.76 and a beta of 1.91. The firm's fifty day moving average is C$34.00 and its two-hundred day moving average is C$33.20.

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.