CAE (TSE:CAE) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$35.07 and traded as high as C$36.94. CAE shares last traded at C$36.48, with a volume of 586,207 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CAE. Bank of America raised CAE from an “underperform” rating to a “neutral” rating and upped their target price for the stock from C$25.00 to C$45.00 in a research report on Friday, March 7th. Royal Bank of Canada upped their price objective on shares of CAE from C$34.00 to C$38.00 in a report on Wednesday, January 15th. National Bank Financial lowered CAE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Desjardins upgraded CAE from a “hold” rating to a “buy” rating and raised their target price for the company from C$32.00 to C$40.00 in a report on Monday, December 30th. Finally, BMO Capital Markets lifted their price objective on shares of CAE from C$38.00 to C$39.00 in a report on Friday, February 14th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$37.83.

CAE Stock Up 0.5 %

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 stock has a 50 day moving average price of C$35.07 and a 200-day moving average price of C$31.24. The stock has a market capitalization of C$11.66 billion, a P/E ratio of -34.98, a PEG ratio of 1.76 and a beta of 1.91.

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.