Chorus Aviation (TSE:CHR) Price Target Raised to C$3.75

Chorus Aviation (TSE:CHR) had its price target raised by investment analysts at BMO Capital Markets from C$3.00 to C$3.75 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 10.95% from the company’s previous close.

A number of other research firms have also issued reports on CHR. Royal Bank of Canada lowered their target price 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. CIBC lifted their price objective on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. TD Securities downgraded shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 target price for the company. in a research note on Friday, November 8th. Canaccord Genuity Group lifted their price target on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bankshares upped their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Chorus Aviation presently has a consensus rating of “Moderate Buy” and an average target price of C$3.45.

Chorus Aviation Stock Up 1.5 %

Shares of TSE CHR opened at C$3.38 on Friday. The stock has a fifty day moving average price of C$3.04 and a 200 day moving average price of C$2.68. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. Chorus Aviation has a 12-month low of C$1.99 and a 12-month high of C$3.43. The company has a market cap of C$645.95 million, a P/E ratio of 14.70, a P/E/G ratio of 0.65 and a beta of 2.14.

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.