Chorus Aviation (OTCMKTS:CHRRF) Shares Climb 0.6% – Time to Buy?

Shares of Chorus Aviation Inc. (OTCMKTS:CHRRF) were 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 changed hands during trading, an increase of 78% from the average daily volume of 4,051 shares. The stock had previously closed at $20.19.

Analyst Upgrades and Downgrades

CHRRF has been the topic of several recent analyst reports. TD Securities reissued a “buy” rating on shares of Chorus Aviation in a research note on Thursday, August 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Chorus Aviation in a research note on Thursday, August 6th. Scotiabank reaffirmed an “outperform” rating on shares of Chorus Aviation in a report on Thursday, August 6th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $32.00 price objective on shares of Chorus Aviation in a research note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $32.00.

Chorus Aviation Stock Up 0.6%

The company’s 50 day moving average is $20.75 and its 200 day moving average is $18.50.

About Chorus Aviation

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.