Chorus Aviation’s (CHR) “Outperform” Rating Reiterated at CIBC

CIBC reiterated their outperform rating on shares of Chorus Aviation (TSE:CHR) in a research report report published on Wednesday, Stock Target Advisor reports. CIBC currently has a C$5.25 target price on the stock.

Other analysts have also recently issued research reports about the stock. TD Securities raised their price objective on shares of Chorus Aviation from C$5.50 to C$6.00 and gave the stock a buy rating in a report on Tuesday, March 2nd. Cormark raised their price objective on shares of Chorus Aviation from C$5.25 to C$6.50 and gave the stock a na rating in a report on Wednesday, March 3rd. National Bank Financial raised their price objective on shares of Chorus Aviation from C$4.00 to C$4.75 and gave the stock a sector perform rating in a report on Tuesday, March 2nd. Finally, Scotiabank raised their price objective on shares of Chorus Aviation from C$4.00 to C$4.75 in a report on Wednesday, March 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Chorus Aviation has an average rating of Hold and an average target price of C$5.25.

Shares of TSE:CHR opened at C$4.61 on Wednesday. The firm’s 50 day moving average price is C$4.52 and its 200 day moving average price is C$3.65. The stock has a market cap of C$746.21 million and a price-to-earnings ratio of 18.44. Chorus Aviation has a fifty-two week low of C$2.12 and a fifty-two week high of C$5.34. The company has a quick ratio of 0.78, a current ratio of 1.00 and a debt-to-equity ratio of 344.02.

Chorus Aviation (TSE:CHR) last issued its earnings results on Thursday, February 18th. The company reported C$0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.05). The company had revenue of C$218.17 million for the quarter, compared to analysts’ expectations of C$200.00 million. On average, equities analysts anticipate that Chorus Aviation will post 0.56 EPS for the current year.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.

Further Reading: Systematic Risk and Investors

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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