CAE (TSE:CAE) Stock Price Crosses Below 200-Day Moving Average of $27.58

CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$27.58 and traded as low as C$27.15. CAE shares last traded at C$27.61, with a volume of 508,288 shares.

Analysts Set New Price Targets

CAE has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on CAE from C$36.00 to C$34.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. TD Securities reduced their price objective on shares of CAE from C$36.00 to C$34.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. National Bankshares dropped their target price on shares of CAE from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Desjardins lowered their price target on CAE from C$35.00 to C$30.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Finally, CIBC cut their price objective on CAE from C$37.00 to C$32.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$32.80.

CAE Stock Performance

The firm has a market cap of C$8.91 billion, a P/E ratio of 32.56, a PEG ratio of 1.76 and a beta of 1.91. The company has a debt-to-equity ratio of 67.89, a current ratio of 0.90 and a quick ratio of 0.71. The stock’s 50 day moving average is C$26.63 and its two-hundred day moving average is C$27.56.

CAE (TSE:CAE) (NYSE:CAE) last announced its quarterly earnings results on Wednesday, February 14th. The company reported C$0.24 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.24. The firm had revenue of C$1.09 billion for the quarter, compared to analysts’ expectations of C$1.09 billion. CAE had a return on equity of 6.24% and a net margin of 6.13%. As a group, equities analysts predict that CAE Inc. will post 1.2964371 EPS for the current year.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, Oceania and Africa, and Rest of Americas. It operates through three segments: Civil Aviation, Defense and Security, and Healthcare.