Chorus Aviation Inc (TSE:CHR) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $2.53 and traded as low as $2.48. Chorus Aviation shares last traded at $2.53, with a volume of 470,533 shares.
Several research analysts recently commented on CHR shares. Scotiabank upgraded shares of Chorus Aviation from an “underperform” rating to a “sector perform” rating in a report on Tuesday, May 19th. National Bank Financial raised their price target on shares of Chorus Aviation from C$3.25 to C$3.50 and gave the company a “sector perform” rating in a report on Monday, August 17th. Royal Bank of Canada cut their price target on shares of Chorus Aviation from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a report on Monday, August 17th. Finally, TD Securities raised their price target on shares of Chorus Aviation from C$6.00 to C$6.50 and gave the company a “buy” rating in a report on Monday, August 17th.
The company has a market cap of $409.52 million and a PE ratio of 5.62. The business’s 50 day moving average price is C$2.53 and its 200-day moving average price is C$3.11. The company has a quick ratio of 0.78, a current ratio of 1.03 and a debt-to-equity ratio of 340.47.
Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.08 by C$0.05. The firm had revenue of C$184.21 million for the quarter, compared to analysts’ expectations of C$185.00 million. Equities analysts expect that Chorus Aviation Inc will post 0.58 earnings per share for the current year.
Chorus Aviation Company Profile (TSE:CHR)
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.
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