CAE (TSE:CAE) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$32.51 and traded as high as C$34.34. CAE shares last traded at C$33.87, with a volume of 473,575 shares traded.

Wall Street Analyst Weigh In

CAE has been the topic of a number of recent research reports. Canaccord Genuity Group upped their target price on CAE from C$28.00 to C$30.00 in a research note on Thursday, November 14th. TD Securities cut CAE from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$34.00 to C$35.00 in a research report on Monday, January 6th. Royal Bank of Canada upped their target price on shares of CAE from C$27.00 to C$34.00 in a report on Thursday, November 14th. Cibc World Mkts downgraded shares of CAE from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Desjardins raised shares of CAE from a “hold” rating to a “buy” rating and upped their price objective for the company from C$32.00 to C$40.00 in a research note on Monday, December 30th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$35.06.

CAE Stock Performance

The stock has a 50-day simple moving average of C$32.51 and a 200-day simple moving average of C$27.54. The stock has a market cap of C$10.80 billion, a PE ratio of -31.65, a P/E/G ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 74.24, a current ratio of 0.89 and a quick ratio of 0.71.

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.