Chorus Aviation (TSE:CHR) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Chorus Aviation slipped below its 50-day moving average, trading as low as C$22.41 and last at C$22.49 versus a 50‑day MA of C$22.58.
• Analysts remain broadly positive — six Buy ratings give a consensus rating of "Buy" with an average target of C$30.71 and several firms recently raising price targets (C$28–35 range).
• Key fundamentals: market cap ~C$526.6M, P/E 7.47, quarterly EPS C$0.67, and the company raised its quarterly dividend to $0.11 (annualized C$0.44) implying a ~2.0% yield.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$22.58 and traded as low as C$22.41. Chorus Aviation shares last traded at C$22.49, with a volume of 24,960 shares changing hands.

Analyst Ratings Changes

Several research analysts have commented on the company. Royal Bank Of Canada lifted their price target on Chorus Aviation from C$31.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. Scotiabank upgraded shares of Chorus Aviation from a "hold" rating to an "outperform" rating and raised their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce cut their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. National Bank Financial reduced their price target on shares of Chorus Aviation from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research report on Tuesday, February 17th. Finally, Stifel Nicolaus raised their price objective on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chorus Aviation presently has a consensus rating of "Buy" and an average target price of C$30.71.

Chorus Aviation Stock Down 0.3%

The business has a 50-day simple moving average of C$22.58 and a two-hundred day simple moving average of C$22.24. The company has a market capitalization of C$526.60 million, a price-to-earnings ratio of 7.47, a PEG ratio of 0.65 and a beta of 1.54. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.53 and a current ratio of 1.30.

Chorus Aviation (TSE:CHR - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. Chorus Aviation had a return on equity of 14.89% and a net margin of 5.98%.The business had revenue of C$320.19 million during the quarter. As a group, equities analysts predict that Chorus Aviation Inc. will post 0.3 EPS for the current year.

Chorus Aviation Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, March 13th. This is an increase from Chorus Aviation's previous quarterly dividend of $0.08. Chorus Aviation's payout ratio is currently 5.32%.

About Chorus Aviation

Chorus is a holding company which owns the following principal operating subsidiaries: 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; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.

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