Shares of Chorus Aviation Inc. (TSE:CHR - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.66 and traded as high as C$2.77. Chorus Aviation shares last traded at C$2.74, with a volume of 351,215 shares trading hands.
Analyst Ratings Changes
Several brokerages recently weighed in on CHR. CIBC cut their price target on Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. Scotiabank lifted their price target on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. National Bankshares boosted their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Royal Bank of Canada cut their price objective on 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. Finally, TD Securities cut their price objective on Chorus Aviation from C$3.50 to C$3.25 in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$3.21.
Get Our Latest Analysis on Chorus Aviation
Chorus Aviation Stock Up 2.9 %
The stock has a market capitalization of C$538.93 million, a price-to-earnings ratio of 12.26, a PEG ratio of 0.65 and a beta of 2.13. The business has a fifty day moving average of C$2.66 and a 200 day moving average of C$2.37. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53.
Chorus Aviation (TSE:CHR - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, topping analysts' consensus estimates of C$0.06 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. The company had revenue of C$351.22 million for the quarter, compared to analysts' expectations of C$404.00 million. As a group, equities analysts predict that Chorus Aviation Inc. will post 0.2998897 earnings per share for the current year.
Insider Activity at Chorus Aviation
In other Chorus Aviation news, Director David Levenson bought 46,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of C$2.64 per share, for a total transaction of C$121,440.00. 13.81% of the stock is currently owned by corporate insiders.
About Chorus Aviation
(
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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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