CAE (TSE:CAE) Shares Cross Above Fifty Day Moving Average of $28.97

CAE Inc. (TSE:CAE – Get Free Report) (NYSE:CAE) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$28.97 and traded as high as C$32.34. CAE shares last traded at C$32.00, with a volume of 1,405,063 shares.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their price objective on shares of CAE from C$36.00 to C$35.00 and set an “outperform” rating for the company in a research note on Thursday, June 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$36.38.

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CAE Stock Up 8.0 %

The stock has a market cap of C$10.18 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.99. The firm’s 50-day moving average is C$28.97 and its 200 day moving average is C$29.79. The company has a debt-to-equity ratio of 70.82, a current ratio of 1.00 and a quick ratio of 0.71.

CAE (TSE:CAE – Get Free Report) (NYSE:CAE) last posted its quarterly earnings results on Wednesday, May 31st. The company reported C$0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.35. The firm had revenue of C$1.26 billion during the quarter, compared to the consensus estimate of C$1.21 billion. CAE had a return on equity of 5.35% and a net margin of 5.30%. Sell-side analysts anticipate that CAE Inc. will post 1.1687177 earnings per share for the current fiscal year.

CAE Company Profile

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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.

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