Chorus Aviation (TSE:CHR) Stock Price Passes Below Fifty Day Moving Average of $2.10

Chorus Aviation Inc. (TSE:CHR) shares 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 traded.

Analyst Ratings Changes

CHR has been the subject of several recent research reports. TD Securities reduced their target price on shares of Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating for the company in a research note on Wednesday, February 28th. CIBC reduced their target price on shares of Chorus Aviation from C$4.25 to C$3.75 and set an “outperform” rating for the company in a research note on Monday, February 26th. Royal Bank of Canada set a C$3.50 price objective on shares of Chorus Aviation and gave the company an “outperform” rating in a research note on Thursday, April 4th. BMO Capital Markets reduced their price objective on shares of Chorus Aviation from C$4.15 to C$3.00 in a research note on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Chorus Aviation from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$3.15 to C$2.50 in a research note on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.19.

Chorus Aviation Trading Up 1.4 %

The company has a debt-to-equity ratio of 137.10, a current ratio of 0.79 and a quick ratio of 0.53. The company has a market cap of C$415.87 million, a PE ratio of 6.52, a PEG ratio of 0.65 and a beta of 2.15. The firm’s 50 day moving average is C$2.10 and its 200 day moving average is C$2.27.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.05). The company had revenue of C$421.45 million during the quarter, compared to analysts’ expectations of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. On average, equities analysts anticipate that Chorus Aviation Inc. will post 0.2410714 earnings per share for the current year.

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.