Chorus Aviation (TSE:CHR) Share Price Crosses Below 50 Day Moving Average of $2.10

Chorus Aviation Inc. (TSE:CHR)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.10 and traded as low as C$2.10. Chorus Aviation shares last traded at C$2.15, with a volume of 496,738 shares changing hands.

Analysts Set New Price Targets

CHR has been the subject of a number of research analyst reports. TD Securities reduced their target price on Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating for the company in a report on Wednesday, February 28th. BMO Capital Markets reduced their target price on Chorus Aviation from C$4.15 to C$3.00 in a report on Monday, March 4th. Royal Bank of Canada set a C$3.50 target price on Chorus Aviation and gave the company an “outperform” rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered Chorus Aviation from a “buy” rating to a “hold” rating and reduced their target price for the company from C$3.15 to C$2.50 in a report on Wednesday, February 28th. Finally, Cormark lowered Chorus Aviation from a “buy” rating to a “market perform” rating and reduced their target price for the company from C$3.25 to C$2.50 in a report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.19.

Chorus Aviation Price Performance

The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 137.10. The firm has a market capitalization of C$415.87 million, a price-to-earnings ratio of 6.52, a P/E/G ratio of 0.65 and a beta of 2.15. The stock’s 50 day moving average price is C$2.10 and its two-hundred day moving average price is C$2.27.

Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The business had revenue of C$421.45 million for the quarter, compared to analyst estimates of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. Analysts anticipate that Chorus Aviation Inc. will post 0.2410714 EPS for the current fiscal year.

Chorus Aviation Company Profile

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.