Chorus Aviation (TSE:CHR) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Chorus Aviation Inc. (TSE:CHRGet Free Report)’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.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on CHR

Chorus Aviation Stock Performance

The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. The stock has a fifty day moving average price of C$3.13 and a 200-day moving average price of C$2.88. The firm has a market cap of C$540.84 million, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHRGet Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.05 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, analysts expect that Chorus Aviation Inc. will post 0.3 earnings per share for the current fiscal year.

About Chorus Aviation

(Get Free Report)

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.

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