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

Chorus Aviation Inc. (TSE:CHR)’s stock price 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 traded.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. TD Securities downgraded Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 target price on the stock. in a research note on Friday, November 8th. BMO Capital Markets boosted their price target on Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. Canaccord Genuity Group raised their price objective on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, CIBC lifted their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.45.

Chorus Aviation Trading Up 2.1 %

The company’s fifty day moving average is C$3.07 and its 200-day moving average is C$2.89. 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 P/E ratio of 12.57, a P/E/G ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business earned $0.06 earnings per share. As a group, sell-side analysts anticipate that Chorus Aviation Inc. will post 0.3 earnings per share 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.