Chorus Aviation (OTCMKTS:CHRRF) Shares Up 0.7% – Still a Buy?

Chorus Aviation Inc. (OTCMKTS:CHRRF) shares rose 0.7% during trading on Wednesday . The company traded as high as $20.41 and last traded at $20.41. 6,124 shares traded hands during trading, an increase of 50% from the average session volume of 4,085 shares. The stock had previously closed at $20.26.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CHRRF shares. Scotiabank restated an “outperform” rating on shares of Chorus Aviation in a report on Thursday, August 6th. TD Securities reissued a “buy” rating on shares of Chorus Aviation in a research report on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating and issued a $32.00 price objective on shares of Chorus Aviation in a report on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Chorus Aviation in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.00.

Chorus Aviation Trading Up 0.0%

The firm has a 50-day simple moving average of $19.54 and a 200 day simple moving average of $18.01.

About Chorus Aviation

Chorus Aviation Inc is a Canadian-based aviation services company that operates a diversified portfolio of regional airline, aircraft leasing and flight training businesses. The company’s principal airline subsidiary, Jazz Aviation LP, provides regional flight services under capacity purchase agreements with major North American carriers, operating a fleet of turboprop and regional jet aircraft across a network of domestic and cross-border routes.

In addition to its passenger services, Chorus Aviation maintains a charter and cargo division that supports ad hoc freight transport and special-mission operations.