Chorus Aviation (TSE:CHR) Share Price Crosses Below 50 Day Moving Average of $2.10

Chorus Aviation Inc. (TSE:CHR) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty 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 Upgrades and Downgrades

A number of analysts have commented on the stock. CIBC lowered 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 report on Monday, February 26th. Royal Bank of Canada set a C$3.50 price target on shares of Chorus Aviation and gave the stock an “outperform” rating in a research report on Thursday, April 4th. TD Securities reduced their price target on shares of Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. BMO Capital Markets reduced their price target on shares of Chorus Aviation from C$4.15 to C$3.00 in a research report 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 target for the stock from C$3.15 to C$2.50 in a research report on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Chorus Aviation presently has an average rating of “Moderate Buy” and an average target price of C$3.19.

Chorus Aviation Stock Up 1.4 %

The firm has a market capitalization of C$415.87 million, a P/E 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. The company has a debt-to-equity ratio of 137.10, a quick ratio of 0.53 and a current ratio of 0.79.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The company had revenue of C$421.45 million during the quarter, compared to the consensus estimate of C$430.00 million. Chorus Aviation had a net margin of 6.03% and a return on equity of 8.33%. As a group, equities research analysts predict that Chorus Aviation Inc. will post 0.2410714 EPS for the current fiscal year.

Chorus Aviation Company Profile

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.