Chorus Aviation (TSE:CHR) PT Raised to C$3.50 at CIBC

Chorus Aviation (TSE:CHR) had its price objective upped by CIBC from C$3.25 to C$3.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

CHR has been the subject of a number of other research reports. TD Securities reduced their price objective on Chorus Aviation from C$3.75 to C$3.50 and set a buy rating for the company in a research note on Wednesday. Royal Bank of Canada set a C$3.50 price objective on Chorus Aviation and gave the company an outperform rating in a research note on Thursday, April 4th. Cormark raised Chorus Aviation from a market perform rating to a buy rating and lifted their target price for the company from C$2.50 to C$4.05 in a research report on Wednesday. Scotiabank lifted their target price on Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday. Finally, Canaccord Genuity Group cut their target price on Chorus Aviation from C$2.60 to C$2.50 and set a hold rating on the stock in a research report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of C$3.27.

Chorus Aviation Trading Down 3.7 %

TSE CHR opened at C$2.62 on Wednesday. The company has a debt-to-equity ratio of 124.08, a current ratio of 0.67 and a quick ratio of 0.53. Chorus Aviation has a one year low of C$1.99 and a one year high of C$3.25. The business has a 50 day simple moving average of C$2.44 and a 200 day simple moving average of C$2.30. The stock has a market capitalization of C$504.40 million, a P/E ratio of 11.91, a P/E/G ratio of 0.65 and a beta of 2.11.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.06 EPS for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.01. Chorus Aviation had a return on equity of 6.69% and a net margin of 4.65%. The firm had revenue of C$426.18 million during the quarter, compared to analysts’ expectations of C$416.00 million. Research analysts expect that Chorus Aviation will post 0.2148438 earnings per share 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.