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

Chorus Aviation Inc. (TSE:CHR) dropped 2.3% during trading on Friday . The stock traded as low as C$2.91 and last traded at C$2.93. Approximately 385,987 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 314,038 shares. The stock had previously closed at C$3.00.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. 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. BMO Capital Markets increased their target price on Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. Finally, TD Securities downgraded 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.45.

Chorus Aviation Stock Down 2.3 %

The firm has a fifty day moving average price of C$3.16 and a 200 day moving average price of C$2.85. The firm has a market capitalization of C$559.95 million, a price-to-earnings ratio of 12.74, a PEG ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45.

About Chorus Aviation

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.