Chorus Aviation (TSE:CHR) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Chorus Aviation Inc. (TSE:CHR)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$24.51 and traded as low as C$24.31. Chorus Aviation shares last traded at C$24.73, with a volume of 30,062 shares trading hands.

Analyst Ratings Changes

Separately, TD upped their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$31.00.

Chorus Aviation Trading Up 0.5%

The company has a market capitalization of C$568.34 million, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78. The firm has a fifty day moving average price of C$24.51 and a 200-day moving average price of C$23.47. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last released its earnings results on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. The company had revenue of C$349.42 million for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. On average, equities research analysts anticipate that Chorus Aviation Inc. will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s dividend payout ratio is currently 10.38%.

Chorus Aviation Company Profile

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.