Chorus Aviation Inc. (TSE:CHR - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$3.13 and traded as low as C$2.79. Chorus Aviation shares last traded at C$2.83, with a volume of 286,398 shares traded.
Analyst Ratings Changes
Several research analysts recently weighed in on CHR shares. Canaccord Genuity Group upped their price target on 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. BMO Capital Markets upped their target price on Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. TD Securities cut shares of Chorus Aviation from a "buy" rating to a "hold" rating and set a C$3.50 price target for the company. in a report on Friday, November 8th. Finally, CIBC upped their price objective on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$3.45.
Check Out Our Latest Stock Analysis on Chorus Aviation
Chorus Aviation Price Performance
The company's 50-day simple moving average is C$3.13 and its 200 day simple moving average is C$2.88. 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 has a market capitalization of C$525.55 million, a price-to-earnings ratio of 11.96, a P/E/G ratio of 0.65 and a beta of 2.14.
Chorus Aviation (TSE:CHR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.05 earnings per share for the quarter, topping 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 period in the previous year, the business earned $0.06 earnings per share. Equities research analysts forecast that Chorus Aviation Inc. will post 0.3 EPS for the current year.
Chorus Aviation Company Profile
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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.
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