CAE (TSE:CAE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$38.95 and traded as low as C$36.04. CAE shares last traded at C$36.56, with a volume of 238,840 shares traded.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotia lowered their target price on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 22nd. BMO Capital Markets reduced their price target on shares of CAE from C$50.00 to C$47.00 and set an “outperform” rating for the company in a research note on Monday, May 25th. TD Securities decreased their price objective on shares of CAE from C$54.00 to C$53.00 and set a “buy” rating for the company in a report on Tuesday, March 24th. Stifel Nicolaus lowered their price objective on shares of CAE from C$50.00 to C$47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Finally, National Bank Financial dropped their target price 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. Ten research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$48.91.

CAE Stock Up 1.0%

The company has a market cap of C$11.76 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 1.76 and a beta of 0.59. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 60.97. The company has a fifty day moving average of C$35.43 and a 200 day moving average of C$38.95.

CAE (TSE:CAE) (NYSE:CAE) last posted its earnings results on Thursday, May 21st. The company reported C$0.42 earnings per share for the quarter. The company had revenue of C$1.33 billion for the quarter. CAE had a return on equity of 6.12% and a net margin of 6.37%.

Insider Activity

In related news, insider Phillip C. Copeland sold 1,770 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$35.39, for a total value of C$62,640.30. Following the transaction, the insider owned 5,906 shares of the company’s stock, valued at approximately C$209,013.34. This trade represents a 23.06% decrease in their ownership of the stock. Also, Director Matthew Bromberg sold 64,710 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of C$35.60, for a total transaction of C$2,303,676.00. Following the sale, the director owned 46,915 shares of the company’s stock, valued at C$1,670,174. This trade represents a 57.97% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 87,975 shares of company stock worth $3,127,182. Company insiders own 0.15% of the company’s stock.

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. 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.