Chorus Aviation (TSE:CHR) Stock Crosses Below Fifty Day Moving Average of $2.97

Chorus Aviation Inc. (TSE:CHR)’s share price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2.97 and traded as low as C$2.61. Chorus Aviation shares last traded at C$2.65, with a volume of 1,080,281 shares changing hands.

Analyst Upgrades and Downgrades

CHR has been the subject of a number of research reports. Royal Bank of Canada dropped their target price on shares of Chorus Aviation from C$4.00 to C$3.75 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. BMO Capital Markets reduced their target price on Chorus Aviation from C$5.35 to C$4.75 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. CIBC dropped their price target on Chorus Aviation from C$4.50 to C$4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th. Finally, TD Securities cut their price target on Chorus Aviation from C$5.00 to C$4.75 and set a “buy” rating for the company in a report on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$4.21.

Chorus Aviation Stock Down 1.5 %

The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 150.02. The company has a 50 day simple moving average of C$2.97 and a two-hundred day simple moving average of C$3.06. The company has a market capitalization of C$516.01 million, a P/E ratio of 6.46, a PEG ratio of 0.65 and a beta of 2.16.

Chorus Aviation (TSE:CHR) last released its earnings results on Thursday, August 3rd. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.12 by C($0.04). Chorus Aviation had a net margin of 7.02% and a return on equity of 9.67%. The company had revenue of C$396.78 million for the quarter, compared to the consensus estimate of C$408.53 million. As a group, equities analysts predict that Chorus Aviation Inc. will post 0.3900293 EPS for the current year.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions in the United States and Canada. 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.