Chorus Aviation (TSE:CHR) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Chorus Aviation Inc. (TSE:CHR)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$24.40 and traded as low as C$23.76. Chorus Aviation shares last traded at C$24.24, with a volume of 22,150 shares changing hands.

Analysts Set New Price Targets

Separately, TD raised their price objective on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$30.88.

Chorus Aviation Price Performance

The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. The stock has a fifty day simple moving average of C$24.40 and a 200-day simple moving average of C$23.29. The stock has a market cap of C$557.08 million, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The company had revenue of C$325.42 million during the quarter. As a group, equities research analysts expect that Chorus Aviation Inc. will post 0.3 EPS for the current year.

Chorus Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.8%. Chorus Aviation’s payout ratio is presently 10.38%.

Chorus Aviation Company Profile

Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.