Chorus Aviation (TSE:CHR) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

Chorus Aviation Inc. (TSE:CHR) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$3.07 and traded as low as C$2.85. Chorus Aviation shares last traded at C$2.89, with a volume of 1,032,748 shares trading hands.

Analysts Set New Price Targets

CHR has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Canaccord Genuity Group raised their target price on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. TD Securities cut 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 research note on Friday, November 8th. Finally, CIBC lifted their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Chorus Aviation presently has an average rating of “Moderate Buy” and a consensus target price of C$3.45.

Chorus Aviation Stock Up 2.1 %

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 capitalization of C$552.31 million, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.65 and a beta of 2.14. The firm has a fifty day moving average price of C$3.07 and a 200 day moving average price of C$2.89.

Chorus Aviation (TSE:CHR) last announced its earnings results on Wednesday, November 6th. The company reported C$0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. During the same quarter last year, the business earned $0.06 EPS. Sell-side analysts anticipate that Chorus Aviation Inc. will post 0.3 EPS for the current fiscal 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.