Chorus Aviation (TSE:CHR) Share Price Crosses Below 50 Day Moving Average - What's Next?

Chorus Aviation Inc. (TSE:CHR - Get Free Report) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$19.63 and traded as low as C$18.37. Chorus Aviation shares last traded at C$18.60, with a volume of 26,428 shares trading hands.

Analyst Ratings Changes

CHR has been the subject of a number of research reports. CIBC increased their price target on shares of Chorus Aviation from C$26.00 to C$28.00 in a research note on Friday, February 21st. Royal Bank of Canada dropped their price target on Chorus Aviation from C$28.00 to C$25.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 16th. Finally, TD Securities raised Chorus Aviation from a "hold" rating to a "buy" rating and upped their price target for the stock from C$25.00 to C$27.00 in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Chorus Aviation presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.25.

Chorus Aviation Stock Down 1.4 %

The company has a fifty day simple moving average of C$19.60 and a 200 day simple moving average of C$9.60. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The firm has a market capitalization of C$507.08 million, a P/E ratio of -30.82, a P/E/G ratio of 0.65 and a beta of 2.14.

Insider Activity at Chorus Aviation

In other Chorus Aviation news, Senior Officer Colin Copp purchased 4,980 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of C$20.12 per share, with a total value of C$100,197.60. 13.83% of the stock is currently owned by insiders.

About Chorus Aviation

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.