Chorus Aviation Inc has experienced a slight downturn this week, with notable activity surrounding its substantial issuer bid.
Chorus Aviation Inc (CHR.TO) has seen a 1-day decline of 0.41% and a weekly drop of 4.18%. Despite this recent dip, the stock has shown a year-to-date increase of 34.92%. The company recently completed a substantial issuer bid, which may have influenced its recent price action.
Investor takeaway: Investors should consider the implications of Chorus Aviation's substantial issuer bid and its recent financial performance as they assess the stock's potential moving forward.
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Chorus Aviation Inc
CHR.TO
CHR.TO
Chorus Aviation Inc
WealthAwesomeMarket cap
$660.18M
P/E
15.0x
Div. yield
1.43%
Div. / share
$0.41
52W high
$30.73
52W low
$19.31
1W change
-4.18%
Beta
1.58
Analyst Price Targets
Based on analyst covering CHR
Wall Street analysts forecast CHR stock price to rise 14.5% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$33.36
+14.5% Upside
Current Price
C$29.13
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CHR's historical volatility
30-Day Vol
34.9%
Annualized
90-Day Vol
26.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$34.83
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$30.92 | C$27.41 โ C$34.87 |
| 60 trading days | C$32.81 | C$27.68 โ C$38.90 |
| 90 trading days | C$34.83 | C$28.27 โ C$42.90 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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C$29.30 Close, -0.41% Today
Chorus Aviation's stock closed at C$29.30, reflecting a modest decline amidst a broader context of positive year-to-date growth.
Bull case
Chorus Aviation has had a strong performance this year and has started share buybacks, showing confidence in its financial health.
Bear case
The recent drop in stock price and lower trading volume compared to the 20-day average may suggest waning investor interest or market caution.
Recent Price Action
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Chorus Aviation Inc (CHR.TO) closed at C$29.30, reflecting a decrease of 0.41% for the day and a 4.18% drop over the past week. Despite this recent downturn, the stock has appreciated by 20.17% over the past month and has a year-to-date increase of 34.92%, suggesting a strong performance in the longer term.
Company News
Chorus Aviation recently completed a substantial issuer bid, purchasing 2,061,855 shares at a price of $24.25 each, totaling approximately $50 million. This move may indicate the company's confidence in its financial position and aims to enhance shareholder value. No other significant news has been reported this week.
Technical Picture
From a technical perspective, Chorus Aviation is currently trading above its 50-day moving average of C$25.75, representing a 13.8% premium. The stock is also above its 200-day moving average of C$23.47, which is a positive indicator, showing a 24.8% premium. The 52-week range for CHR.TO is between C$19.31 and C$30.73, indicating that the stock is currently trading at 87% of its 52-week high. The stock has a beta of 1.58, suggesting higher volatility compared to the market.
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