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

Shares of Chorus Aviation Inc. (TSE:CHR) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$3.21.

Several analysts recently commented on the stock. CIBC cut their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Thursday, August 15th. Scotiabank raised their price target on shares of Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday, July 31st. National Bankshares upped their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. TD Securities cut their target price on Chorus Aviation from C$3.50 to C$3.25 in a research note on Monday, August 19th. Finally, Royal Bank of Canada decreased their price target on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research note on Friday, August 16th.

Insider Activity at Chorus Aviation

In other Chorus Aviation news, Director David Levenson acquired 144,600 shares of the stock in a transaction dated Friday, August 23rd. The shares were purchased at an average price of C$2.61 per share, for a total transaction of C$377,406.00. 13.81% of the stock is owned by company insiders.

Chorus Aviation Price Performance

CHR stock opened at C$2.70 on Wednesday. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. The firm has a market capitalization of C$516.00 million, a price-to-earnings ratio of 11.74, a PEG 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 52-week low of C$1.99 and a 52-week high of C$3.25.

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