CAE (TSE:CAE) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• CAE shares crossed above their 200-day moving average, reaching C$37.54 before closing at C$36.89, compared with the moving average of C$36.87.
• Analyst sentiment remains positive overall, with 12 Buy ratings and one Sell rating; the consensus is “Moderate Buy” with a C$46.93 price target.
• CAE reported quarterly revenue of C$1.17 billion and earnings of C$0.26 per share, while its market capitalization stood at approximately C$11.87 billion.

Shares of CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of C$36.87 and traded as high as C$37.54. CAE shares last traded at C$36.89, with a volume of 778,004 shares.

Wall Street Analysts Forecast Growth

CAE has been the topic of several recent analyst reports. TD boosted their target price on CAE from C$43.00 to C$45.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Scotiabank dropped their price target on CAE from C$50.00 to C$48.00 and set a "sector outperform" rating for the company in a report on Thursday, October 15th. Scotia lifted their price objective on CAE from C$48.00 to C$49.00 and gave the company a "sector outperform" rating in a research report on Tuesday, October 27th. National Bank Financial cut their price objective on CAE from C$49.00 to C$48.00 and set an "outperform" rating for the company in a research report on Wednesday, October 21st. Finally, Morgan Stanley lowered CAE from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, CAE has a consensus rating of "Moderate Buy" and a consensus price target of C$46.93.

CAE Trading Up 2.4%

The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 59.43. The business's fifty day moving average is C$34.21 and its two-hundred day moving average is C$36.87. The firm has a market cap of C$11.87 billion, a price-to-earnings ratio of 41.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57.

CAE (TSE:CAE - Get Free Report) NYSE: CAE last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%. The firm had revenue of C$1.17 billion during the quarter.

CAE Company Profile

At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defense forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defense and security personnel to perform at their best and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with sites and training locations in over 40 countries.

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