Chorus Aviation (TSE:CHR) Stock Price Passes Above 50-Day Moving Average of $2.65

Chorus Aviation Inc. (TSE:CHR)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$2.65 and traded as high as C$2.78. Chorus Aviation shares last traded at C$2.72, with a volume of 189,976 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHR. Royal Bank of Canada reduced their price objective on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research note on Friday, August 16th. TD Securities dropped their target price on Chorus Aviation from C$3.50 to C$3.25 in a report on Monday, August 19th. National Bankshares raised their target price on Chorus Aviation from C$3.65 to C$3.85 in a report on Thursday, August 15th. Scotiabank raised their target price on Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Finally, CIBC dropped their target price on Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$3.21.

Chorus Aviation Stock Performance

The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The firm has a fifty day simple moving average of C$2.66 and a 200 day simple moving average of C$2.35. The company has a market capitalization of C$521.73 million, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.65 and a beta of 2.13.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. The company had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. On average, analysts anticipate that Chorus Aviation Inc. will post 0.2998897 earnings per share for the current fiscal year.

Insider Buying and Selling at Chorus Aviation

In other Chorus Aviation news, Director David Levenson acquired 46,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of C$2.64 per share, with a total value of C$121,440.00. 13.81% of the stock is owned by corporate insiders.

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.