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

Chorus Aviation Inc. (TSE:CHR)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.69 and traded as high as C$2.95. Chorus Aviation shares last traded at C$2.88, with a volume of 143,846 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on CHR shares. Scotiabank lifted their price target on shares of Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Royal Bank of Canada lowered their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research note on Friday, August 16th. Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and increased their target price for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st. TD Securities decreased their price target on Chorus Aviation from C$3.50 to C$3.25 in a report on Monday, August 19th. Finally, National Bankshares raised their target price on Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$3.21.

Chorus Aviation Stock Down 2.0 %

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 50 day simple moving average of C$2.69 and a two-hundred day simple moving average of C$2.44. The company has a market capitalization of C$550.40 million, a PE ratio of 12.52, a P/E/G ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHR) last released its earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$351.22 million during the quarter, compared to analysts’ expectations of C$404.00 million. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. Research analysts expect that Chorus Aviation Inc. will post 0.3 EPS for the current year.

Insider Transactions at Chorus Aviation

In other Chorus Aviation news, Director David Levenson purchased 144,600 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of C$2.61 per share, for a total transaction of C$377,406.00. Company insiders own 13.83% of the company’s stock.

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.