Chorus Aviation (TSE:CHR) Trading Down 2.3% – Here’s What Happened

Shares of Chorus Aviation Inc. (TSE:CHR) fell 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 changed hands during mid-day trading, an increase of 23% from the average session volume of 314,038 shares. The stock had previously closed at C$3.00.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CHR shares. Canaccord Genuity Group lifted their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. TD Securities cut 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. BMO Capital Markets increased their price objective on Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. Finally, CIBC boosted their target price 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Chorus Aviation 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 stock has a market capitalization 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 business has a 50 day simple moving average of C$3.16 and a 200-day simple moving average 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.