Brokerages Set Chorus Aviation Inc. (TSE:CHR) Target Price at C$3.37

Shares of Chorus Aviation Inc. (TSE:CHR) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$3.45.

Several research analysts have recently commented on CHR shares. TD Securities lowered Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price target for the company. in a research report on Friday, November 8th. Royal Bank of Canada reduced their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a report on Friday, August 16th. CIBC raised their price target on shares of Chorus Aviation from C$3.25 to C$3.80 in a report on Friday, November 8th. Canaccord Genuity Group lifted their price objective on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, National Bankshares increased their target price on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th.

Chorus Aviation Stock Performance

Shares of CHR stock opened at C$3.38 on Monday. The firm has a market cap of C$645.95 million, a price-to-earnings ratio of 14.70, a PEG ratio of 0.65 and a beta of 2.14. Chorus Aviation has a 52-week low of C$1.99 and a 52-week high of C$3.43. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. The company’s 50 day moving average is C$3.04 and its 200 day moving average is C$2.68.

About Chorus Aviation

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.