Chorus Aviation (OTCMKTS:CHRRF) Shares Climb 0.6% – Should You Buy?

Chorus Aviation Inc. (OTCMKTS:CHRRF) traded up 0.6% during trading on Tuesday. The stock traded as high as $20.31 and last traded at $20.31. Approximately 7,201 shares traded hands during trading, an increase of 78% from the average session volume of 4,051 shares. The stock had previously closed at $20.19.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Chorus Aviation in a research report on Thursday, August 6th. BMO Capital Markets restated an “outperform” rating and set a $32.00 price objective on shares of Chorus Aviation in a report on Thursday, August 6th. Scotiabank reaffirmed an “outperform” rating on shares of Chorus Aviation in a research note on Thursday. Finally, TD Securities reaffirmed a “buy” 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 data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $32.00.

Chorus Aviation Stock Performance

The firm’s 50-day simple moving average is $20.78 and its two-hundred day simple moving average is $18.54.

Chorus Aviation Company Profile

Chorus Aviation Inc is a Canadian aviation company focused on regional airline services and aircraft leasing. Its principal airline subsidiary, Jazz Aviation LP, operates scheduled regional passenger flights under the Air Canada Express brand, connecting communities across Canada and serving select destinations in the United States.

Through Chorus Aviation Capital, the company provides aircraft leasing services to regional airlines around the world. Its leasing portfolio has primarily consisted of turboprop and regional jet aircraft, supporting carriers that use smaller planes for short- and medium-haul routes.