Chorus Aviation (TSE:CHR) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Chorus Aviation Inc. (TSE:CHR) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$3.02 and traded as low as C$2.84. Chorus Aviation shares last traded at C$2.89, with a volume of 284,223 shares.

Analyst Upgrades and Downgrades

CHR has been the subject of several research analyst reports. CIBC upped their price target on shares of Chorus Aviation from C$3.25 to C$3.80 in a report on Friday, November 8th. Canaccord Genuity Group upped their target price on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets increased their target price on Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. Finally, TD Securities lowered Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price target on the stock. in a 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$3.45.

Chorus Aviation Stock Performance

The company 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 stock’s 50 day moving average price is C$3.02 and its 200 day moving average price is C$2.90. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.05 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. During the same quarter in the previous year, the firm earned $0.06 earnings per share. Analysts expect that Chorus Aviation Inc. will post 0.3 earnings per share for the current 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.