CAE (TSE:CAE) Shares Pass Above 50-Day Moving Average of $22.11

Cae Inc (TSE:CAE) (NYSE:CAE) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $22.11 and traded as high as $22.16. CAE shares last traded at $21.82, with a volume of 1,252,870 shares traded.

A number of research analysts have recently issued reports on CAE shares. BMO Capital Markets dropped their price target on shares of CAE from C$43.00 to C$21.00 in a research report on Friday, March 20th. TD Securities dropped their price target on shares of CAE from C$23.00 to C$20.00 and set a “hold” rating on the stock in a research report on Monday, May 25th. Scotiabank downgraded shares of CAE from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$24.00 to C$29.00 in a research report on Tuesday, June 9th. CIBC boosted their price target on shares of CAE from C$24.00 to C$27.00 in a research report on Thursday, June 18th. Finally, National Bank Financial upgraded shares of CAE from a “sector perform overweight” rating to an “outperform overweight” rating and dropped their price target for the stock from C$37.00 to C$24.00 in a research report on Wednesday, April 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$24.88.

The company has a current ratio of 1.36, a quick ratio of 1.02 and a debt-to-equity ratio of 128.46. The stock’s 50-day moving average is C$22.11 and its 200-day moving average is C$28.69. The company has a market cap of $5.80 billion and a price-to-earnings ratio of 18.79.

CAE (TSE:CAE) (NYSE:CAE) last released its earnings results on Friday, May 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.43 by C$0.03. The company had revenue of C$977.30 million for the quarter, compared to analyst estimates of C$1.03 billion. As a group, analysts predict that Cae Inc will post 0.8999999 EPS for the current year.

About CAE (TSE:CAE)

CAE Inc, together with its subsidiaries, provides training solutions for the civil aviation, defence and security, and healthcare markets worldwide. The company's Civil Aviation Training Solutions 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.

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