CAE (TSE:CAE) Shares Pass Below 200 Day Moving Average – Should You Sell?

CAE Inc. (TSE:CAE) (NYSE:CAE)’s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$36.47 and traded as low as C$32.83. CAE shares last traded at C$33.74, with a volume of 1,033,148 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CAE shares. Desjardins raised their price target on CAE from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, August 14th. 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 note on Tuesday, May 26th. Scotia dropped their target price on shares of CAE from C$56.00 to C$50.00 and set a “sector outperform” rating for the company in a report on Friday, May 22nd. Royal Bank Of Canada upgraded shares of CAE from a “hold” rating to a “moderate buy” rating in a research report on Monday, August 17th. Finally, National Bank Financial reduced their price target 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 analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CAE has an average rating of “Moderate Buy” and an average target price of C$47.23.

CAE Stock Down 0.0%

The company has a debt-to-equity ratio of 59.43, a current ratio of 0.83 and a quick ratio of 0.71. The firm has a 50-day simple moving average of C$35.70 and a two-hundred day simple moving average of C$36.45. The company has a market cap of C$10.86 billion, a PE ratio of 37.90, a P/E/G ratio of 1.76 and a beta of 0.60.

CAE (TSE:CAE) (NYSE:CAE) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$1.17 billion during the quarter. CAE had a return on equity of 5.47% and a net margin of 5.75%.

Insider Transactions at CAE

In other CAE news, Director Matthew Bromberg sold 64,710 shares of the firm’s stock in a transaction dated 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 directly owned 46,915 shares of the company’s stock, valued at C$1,670,174. This trade represents a 57.97% decrease in their position. Also, insider Pascal Grenier sold 2,434 shares of CAE stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$35.39, for a total transaction of C$86,139.26. Following the sale, the insider owned 21,483 shares of the company’s stock, valued at approximately C$760,283.37. This trade represents a 10.18% decrease in their ownership of the stock. Insiders have sold a total of 87,975 shares of company stock worth $3,127,182 in the last ninety days. Company insiders own 0.15% of the company’s stock.

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. 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.