Chorus Aviation Inc. (TSE:CHR – Get Rating)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$3.06 and traded as low as C$3.01. Chorus Aviation shares last traded at C$3.03, with a volume of 82,874 shares traded.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. CIBC decreased their price target on shares of Chorus Aviation from C$4.75 to C$4.50 in a research note on Thursday, April 13th. Cormark dropped their price objective on shares of Chorus Aviation from C$4.75 to C$4.25 in a report on Friday, February 17th. National Bankshares cut their price objective on shares of Chorus Aviation from C$4.80 to C$4.50 and set an “outperform” rating for the company in a research note on Friday, February 17th. Canaccord Genuity Group decreased their price objective on Chorus Aviation from C$4.00 to C$3.25 in a report on Thursday, March 30th. Finally, TD Securities lowered their price target on Chorus Aviation from C$5.00 to C$4.75 and set a “buy” rating on the stock in a report on Friday, May 5th.
Chorus Aviation Stock Up 1.0 %
The business’s 50-day simple moving average is C$3.06 and its 200 day simple moving average is C$3.25. The firm has a market cap of C$590.21 million, a PE ratio of 27.55, a P/E/G ratio of 0.65 and a beta of 2.19. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 154.66.
About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.
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