Chorus Aviation (TSE:CHR) had its price target cut by Royal Bank of Canada from C$9.50 to C$9.00 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Several other brokerages also recently weighed in on CHR. CIBC decreased their target price on shares of Chorus Aviation from C$9.50 to C$9.00 in a research note on Thursday, July 18th. TD Securities decreased their target price on shares of Chorus Aviation from C$9.50 to C$9.00 and set a buy rating for the company in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of C$9.04.
CHR traded up C$0.06 during trading on Wednesday, hitting C$7.33. 133,941 shares of the company’s stock were exchanged, compared to its average volume of 365,748. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 11.05. The stock’s 50 day moving average is C$7.85. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 255.76. Chorus Aviation has a 1 year low of C$4.54 and a 1 year high of C$8.10.
In other news, Director Joseph D. Randell sold 32,100 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$7.43, for a total value of C$238,503.00. Following the completion of the transaction, the director now directly owns 6,148 shares in the company, valued at C$45,679.64.
About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.
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