Chorus Aviation (TSE:CHR) Trading Down 2.3% – Time to Sell?

Chorus Aviation Inc. (TSE:CHR)’s share price traded down 2.3% during trading on Friday . The stock traded as low as C$2.91 and last traded at C$2.93. 385,987 shares traded hands during trading, an increase of 23% from the average session volume of 314,038 shares. The stock had previously closed at C$3.00.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. TD Securities cut 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. CIBC raised their target price on Chorus Aviation from C$3.25 to C$3.80 in a report on Friday, November 8th. 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, BMO Capital Markets boosted their target price 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 four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$3.45.

Chorus Aviation Trading Down 2.3 %

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 company has a market cap of C$559.95 million, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The firm has a 50-day moving average price of C$3.16 and a 200 day moving average price of C$2.85.

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.