Chorus Aviation (TSE:CHR) Downgraded by TD Securities to “Hold”

Chorus Aviation (TSE:CHR) was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued on Friday,BayStreet.CA reports. They presently have a C$3.50 price target on the stock. TD Securities’ target price indicates a potential upside of 14.38% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. National Bankshares increased their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Royal Bank of Canada dropped their price target on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, August 16th. CIBC decreased their price objective on Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and increased their target price for the stock from C$2.50 to C$4.05 in a report on Wednesday, July 31st. Finally, Scotiabank boosted their price target on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$3.37.

Chorus Aviation Stock Down 3.2 %

CHR stock opened at C$3.06 on Friday. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.29. 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 cap of C$584.80 million, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The business’s 50-day simple moving average is C$2.86 and its 200 day simple moving average is C$2.56.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. On average, research analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In other Chorus Aviation news, Director David Levenson bought 46,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of C$2.64 per share, for a total transaction of C$121,440.00. Insiders own 13.83% of the company’s stock.

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.