CAE Inc. (TSE:CAE) (NYSE:CAE)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$37.17 and traded as low as C$35.95. CAE shares last traded at C$36.23, with a volume of 511,559 shares traded.
CAE has been the topic of a number of research analyst reports. CIBC reaffirmed an “outperform” rating and set a C$44.00 target price on shares of CAE in a report on Monday, August 23rd. TD Securities increased their price objective on shares of CAE to C$41.00 and gave the stock a “hold” rating in a research note on Thursday, August 12th. Desjardins cut CAE from a “buy” rating to a “hold” rating and set a C$40.00 target price on the stock. in a research note on Thursday, August 12th. Finally, National Bank Financial lifted their price objective on shares of CAE from C$43.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, August 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, CAE currently has an average rating of “Buy” and a consensus target price of C$41.67.
The company has a market cap of C$11.48 billion and a PE ratio of 91.95. The stock has a fifty day moving average price of C$37.13 and a 200-day moving average price of C$37.17. The company has a debt-to-equity ratio of 72.64, a current ratio of 1.30 and a quick ratio of 0.74.
CAE Inc, together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide.
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