Chorus Aviation (TSE:CHR) Stock Crosses Below 50-Day Moving Average – What’s Next?

Chorus Aviation Inc. (TSE:CHR)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.13 and traded as low as C$2.79. Chorus Aviation shares last traded at C$2.83, with a volume of 286,398 shares.

Analyst Ratings Changes

Several equities research analysts have commented on CHR shares. CIBC boosted their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. TD Securities downgraded shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective on the stock. in a report on Friday, November 8th. BMO Capital Markets lifted their price target on shares of Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Finally, Canaccord Genuity Group upped their target price on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$3.45.

Chorus Aviation Trading Up 0.7 %

The firm’s fifty day moving average price is C$3.13 and its 200-day moving average price is C$2.88. The company has a market cap of C$540.84 million, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last posted its earnings results on Wednesday, November 6th. The company reported C$0.05 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. During the same period in the previous year, the company posted $0.06 EPS. On average, equities analysts expect that Chorus Aviation Inc. will post 0.3 EPS for the current fiscal year.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.