Chorus Aviation Inc. (TSE:CHR) Receives C$3.21 Consensus Price Target from Brokerages

Chorus Aviation Inc. (TSE:CHR) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$3.21.

A number of equities research analysts recently issued reports on the company. CIBC lowered their price objective on Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. TD Securities lowered their price target on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Monday, August 19th. Scotiabank upped their price target on shares of Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. National Bankshares lifted their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Finally, Cormark raised shares of Chorus Aviation from a “market perform” rating to a “buy” rating and boosted their target price for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st.

Insiders Place Their Bets

In other news, Director David Levenson purchased 46,000 shares of Chorus Aviation stock in a transaction dated Tuesday, August 27th. The stock was purchased at an average cost of C$2.64 per share, for a total transaction of C$121,440.00. Corporate insiders own 13.81% of the company’s stock.

Chorus Aviation Stock Down 0.4 %

Chorus Aviation stock opened at C$2.70 on Wednesday. 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 has a market capitalization of C$516.00 million, a P/E ratio of 11.74, a P/E/G ratio of 0.65 and a beta of 2.13. The firm has a 50 day moving average price of C$2.63 and a 200-day moving average price of C$2.33. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.25.

Chorus Aviation (TSE:CHR) last released its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. The business had revenue of C$351.22 million during the quarter, compared to the consensus estimate of C$404.00 million. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. As a group, equities analysts predict that Chorus Aviation will post 0.3001107 EPS for the current year.

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.