Chorus Aviation (TSE:CHR) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Chorus Aviation Inc. (TSE:CHR) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$3.14 and traded as high as C$3.19. Chorus Aviation shares last traded at C$3.08, with a volume of 349,915 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group boosted 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. TD Securities downgraded shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective for the company. in a report on Friday, November 8th. CIBC lifted their price target on shares of Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. Finally, BMO Capital Markets boosted their price target on Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$3.45.

Chorus Aviation Price Performance

The business has a 50-day moving average of C$3.14 and a two-hundred day moving average of C$2.75. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. The firm has a market cap of C$588.62 million, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14.

About Chorus Aviation

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.