Analysts Set Chorus Aviation Inc. (TSE:CHR) PT at C$3.31

Chorus Aviation Inc. (TSE:CHR) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$3.31.

CHR has been the topic of a number of recent analyst reports. Scotiabank boosted their price objective on shares of Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Royal Bank of Canada cut their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday, August 16th. CIBC cut their target price on shares of Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. TD Securities upped their target price on shares of Chorus Aviation from C$3.25 to C$3.50 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Cormark upgraded shares of Chorus Aviation from a “market perform” rating to a “buy” rating and upped their target price for the company from C$2.50 to C$4.05 in a research note on Wednesday, July 31st.

Insider Activity at Chorus Aviation

In other Chorus Aviation news, Director David Levenson acquired 46,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of C$2.64 per share, with a total value of C$121,440.00. Insiders own 13.83% of the company’s stock.

Chorus Aviation Stock Performance

Shares of CHR stock opened at C$3.06 on Thursday. Chorus Aviation has a 12 month low of C$1.99 and a 12 month high of C$3.25. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The firm has a market capitalization of C$584.80 million, a P/E ratio of 13.30, a P/E/G ratio of 0.65 and a beta of 2.14. The company’s fifty day moving average price is C$2.81 and its two-hundred day moving average price is C$2.52.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. The firm had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. On average, research analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.