CAE (NYSE:CAE) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

CAE Inc. (NYSE:CAE) (TSE:CAE)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.90 and traded as high as $24.17. CAE shares last traded at $24.05, with a volume of 615,678 shares changing hands.

Analyst Ratings Changes

CAE has been the topic of a number of recent analyst reports. TD Securities cut shares of CAE from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Desjardins upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Monday, December 23rd. StockNews.com upgraded shares of CAE from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Cibc World Mkts lowered CAE from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CAE currently has a consensus rating of “Hold” and a consensus price target of $25.00.

CAE Trading Up 0.3 %

The company has a market cap of $7.69 billion, a price-to-earnings ratio of -31.36, a PEG ratio of 1.76 and a beta of 1.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.84 and a quick ratio of 0.59. The business’s 50-day simple moving average is $23.44 and its 200-day simple moving average is $19.97.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CAE. Bank of Montreal Can lifted its position in CAE by 1.6% during the third quarter. Bank of Montreal Can now owns 5,057,860 shares of the aerospace company’s stock worth $93,446,000 after buying an additional 77,489 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of CAE by 9.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,033,296 shares of the aerospace company’s stock worth $19,188,000 after acquiring an additional 89,800 shares during the period. Clearline Capital LP acquired a new stake in shares of CAE in the second quarter worth approximately $2,290,000. Intech Investment Management LLC purchased a new stake in CAE in the third quarter valued at approximately $2,432,000. Finally, Pinnacle Associates Ltd. increased its position in CAE by 3.8% during the third quarter. Pinnacle Associates Ltd. now owns 874,588 shares of the aerospace company’s stock worth $16,399,000 after purchasing an additional 32,328 shares during the last quarter. 67.36% of the stock is currently owned by hedge funds and other institutional investors.

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, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.