CAE (TSE:CAE) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• CAE shares fell below their 200-day moving average, trading as low as C$32.83 compared with the average of C$36.47, signaling weakening technical momentum.
• Analyst sentiment remains broadly positive, with 10 Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of C$47.23, despite several recent target reductions.
• CAE reported quarterly revenue of C$1.17 billion and earnings of C$0.26 per share, while insiders sold approximately 87,975 shares worth C$3.13 million over the past 90 days.

CAE Inc. (TSE:CAE - Get Free Report) NYSE: CAE shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$36.47 and traded as low as C$32.83. CAE shares last traded at C$33.74, with a volume of 1,033,148 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently weighed in on CAE shares. National Bank Financial decreased their price target 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. Bank of America dropped their price objective on CAE from C$45.00 to C$38.00 in a research note on Thursday, August 27th. BMO Capital Markets reduced their target price on CAE from C$50.00 to C$47.00 and set an "outperform" rating for the company in a research report on Monday, May 25th. Morgan Stanley lowered CAE from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from C$43.00 to C$37.00 in a research note on Wednesday, July 15th. Finally, TD raised their price target on CAE from C$43.00 to C$45.00 and gave the company a "buy" rating in a report on Friday, August 14th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, CAE presently has a consensus rating of "Moderate Buy" and a consensus target price of C$47.23.

CAE Stock Up 2.7%

The stock's fifty day moving average price is C$35.75 and its 200 day moving average price is C$36.47. The stock has a market cap of C$10.86 billion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.71 and a debt-to-equity ratio of 59.43.

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

Insider Buying and Selling at CAE

In other CAE news, insider Andrew Arnovitz sold 1,408 shares of CAE stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$49,829.12. Following the completion of the sale, the insider owned 5,691 shares of the company's stock, valued at C$201,404.49. The trade was a 19.83% decrease in their ownership of the stock. Also, Director Matthew Bromberg sold 64,710 shares of the company's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$35.60, for a total value of C$2,303,676.00. Following the completion of the transaction, the director owned 46,915 shares of the company's stock, valued at C$1,670,174. The trade was a 57.97% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 87,975 shares of company stock valued at $3,127,182. 0.15% of the stock is currently owned by company insiders.

About CAE

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.