Chorus Aviation (OTCMKTS:CHRRF) Stock Price Up 0.6% – Here’s Why

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $32.00 price target on shares of Chorus Aviation in a research note on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Chorus Aviation in a research note on Thursday, August 6th. Scotiabank reissued an “outperform” rating on shares of Chorus Aviation in a research report on Thursday, August 6th. Finally, TD Securities reissued a “buy” rating on shares of Chorus Aviation in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.00.

Chorus Aviation Trading Up 0.6%

The stock’s 50-day moving average is $20.75 and its two-hundred day moving average is $18.50.

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.