Chorus Aviation (TSE:CHR) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Chorus Aviation Inc. (TSE:CHR) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$23.16 and traded as high as C$23.56. Chorus Aviation shares last traded at C$23.35, with a volume of 20,825 shares trading hands.

Wall Street Analysts Forecast Growth

CHR has been the topic of a number of research analyst reports. National Bank Financial lowered their price target on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Royal Bank Of Canada raised their price target on Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Scotiabank raised Chorus Aviation from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$26.00 to C$30.00 in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce lowered their target price on Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. Finally, Stifel Nicolaus lifted their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$30.71.

Chorus Aviation Trading Up 2.3%

The business has a fifty day moving average of C$23.16 and a 200-day moving average of C$22.43. The stock has a market capitalization of C$559.15 million, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.49. The company has a debt-to-equity ratio of 73.68, a current ratio of 1.30 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last released its earnings results on Thursday, February 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. The firm had revenue of C$320.19 million for the quarter. Chorus Aviation had a return on equity of 14.89% and a net margin of 5.98%. On average, equities analysts anticipate that Chorus Aviation Inc. will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.8%. This is an increase from Chorus Aviation’s previous quarterly dividend of $0.08. Chorus Aviation’s dividend payout ratio (DPR) is 5.32%.

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.