CAE (TSE:CAE) Stock Passes Above 50 Day Moving Average of $31.98

CAE Inc. (TSE:CAEGet Rating) (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$31.98 and traded as high as C$33.96. CAE shares last traded at C$33.88, with a volume of 663,661 shares traded.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CAE shares. Royal Bank of Canada started coverage on CAE in a research report on Thursday, June 23rd. They set a “buy” rating and a C$40.00 target price for the company. Scotiabank boosted their target price on CAE from C$43.00 to C$43.50 in a research report on Wednesday, June 8th. BMO Capital Markets decreased their price objective on CAE from C$45.00 to C$42.00 in a research report on Wednesday, June 8th. TD Securities boosted their price objective on CAE from C$39.00 to C$41.00 and gave the company a “buy” rating in a research report on Thursday, June 2nd. Finally, CIBC decreased their price objective on CAE from C$43.00 to C$41.00 in a research report on Tuesday, April 26th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$40.05.

CAE Price Performance

The stock has a market cap of C$10.76 billion and a P/E ratio of 77.00. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 74.54. The company has a 50 day simple moving average of C$31.98 and a 200 day simple moving average of C$31.95.

CAE (TSE:CAEGet Rating) (NYSE:CAE) last announced its quarterly earnings data on Tuesday, May 31st. The company reported C$0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.23 by C$0.06. The company had revenue of C$955.00 million for the quarter, compared to the consensus estimate of C$948.15 million. Sell-side analysts forecast that CAE Inc. will post 1.47 earnings per share for the current fiscal year.

About CAE

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CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions worldwide. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare. The Civil Aviation segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally enabled crew management, training operations solutions, and optimization software.

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