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

Chorus Aviation Inc. (TSE:CHR - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$3.14 and traded as high as C$3.19. Chorus Aviation shares last traded at C$3.08, with a volume of 349,915 shares traded.

Wall Street Analyst Weigh In

CHR has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price target on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a "hold" rating in a report on Wednesday, October 23rd. TD Securities cut shares of Chorus Aviation from a "buy" rating to a "hold" rating and set a C$3.50 price objective on the stock. in a research report on Friday, November 8th. CIBC upped their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. Finally, BMO Capital Markets lifted their price target on shares of Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$3.45.

Chorus Aviation Trading Up 1.3 %

The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. The stock's 50 day moving average is C$3.14 and its 200-day moving average is C$2.75. The company has a market cap of C$596.26 million, a PE ratio of 13.39, a P/E/G ratio of 0.65 and a beta of 2.14.

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.