CAE (TSE:CAE) Stock Passes Below 50 Day Moving Average of $24.23

CAE Inc. (TSE:CAE) (NYSE:CAE) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$24.23 and traded as low as C$23.94. CAE shares last traded at C$24.30, with a volume of 310,224 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CAE shares. Desjardins dropped their target price on shares of CAE from C$29.00 to C$28.00 and set a “hold” rating on the stock in a report on Wednesday, July 17th. CIBC increased their target price on CAE from C$29.00 to C$30.00 and gave the company an “outperform” rating in a report on Wednesday, May 29th. National Bankshares reduced their price target on shares of CAE from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Canaccord Genuity Group dropped their price objective on shares of CAE from C$28.50 to C$27.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets decreased their price target on shares of CAE from C$34.00 to C$33.00 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$30.60.

CAE Price Performance

The company has a debt-to-equity ratio of 74.24, a quick ratio of 0.71 and a current ratio of 0.89. The company has a market cap of C$7.74 billion, a P/E ratio of -22.71, a P/E/G ratio of 1.76 and a beta of 1.91. The firm’s fifty day moving average is C$24.23 and its two-hundred day moving average is C$25.70.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Tuesday, August 13th. The company reported C$0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.20 by C$0.01. CAE had a negative return on equity of 7.43% and a negative net margin of 7.39%. The firm had revenue of C$1.07 billion during the quarter, compared to analysts’ expectations of C$1.05 billion. As a group, analysts anticipate that CAE Inc. will post 1.1795998 earnings per share for the current fiscal year.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.