Chorus Aviation (TSE:CHR) Stock Price Down 2.3% – Should You Sell?

Shares of Chorus Aviation Inc. (TSE:CHR) fell 2.3% on Friday . The company 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.

Analysts Set New Price Targets

A number of research firms have issued reports on CHR. BMO Capital Markets increased their target price on shares of Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Canaccord Genuity Group raised their target price on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a report on Wednesday, October 23rd. CIBC increased their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Finally, TD Securities lowered shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price target on the stock. in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$3.45.

Chorus Aviation Stock Down 2.3 %

The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The stock 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 simple moving average of C$3.16 and a two-hundred 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.