CAE (TSE:CAE) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of CAE Inc. (TSE:CAE) (NYSE:CAE) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$38.57 and traded as high as C$38.71. CAE shares last traded at C$38.37, with a volume of 257,296 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. National Bankshares upped their price objective on shares of CAE from C$43.00 to C$48.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. BMO Capital Markets boosted their price target on shares of CAE from C$40.00 to C$50.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. TD Securities raised shares of CAE from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$40.00 to C$44.00 in a report on Thursday, August 14th. Finally, Scotiabank boosted their price target on shares of CAE from C$42.00 to C$46.50 and gave the stock an “outperform” rating in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, CAE currently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.82.

CAE Stock Performance

The firm has a market capitalization of C$12.30 billion, a PE ratio of 29.52, a P/E/G ratio of 1.76 and a beta of 1.11. 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 company’s fifty day simple moving average is C$38.57 and its 200 day simple moving average is C$37.72.

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.