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

Chorus Aviation Inc. (TSE:CHR - Get Free Report)'s share price crossed 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 traded.

Analyst Ratings Changes

A number of brokerages have weighed in on CHR. Royal Bank of Canada cut their price objective on shares of Chorus Aviation from C$28.00 to C$25.00 and set an "outperform" rating on the stock in a report on Wednesday, April 16th. TD Securities raised Chorus Aviation from a "hold" rating to a "buy" rating and raised their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, February 21st. Finally, CIBC boosted their target price on Chorus Aviation from C$26.00 to C$28.00 in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$12.25.

Chorus Aviation Stock Performance

The business has a 50-day moving average of C$19.59 and a 200 day moving average of C$9.75. The company has a market cap of C$505.18 million, a PE ratio of -30.71, a PEG ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53.

Insider Buying and Selling

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

Chorus Aviation Company Profile

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.