Brokerages Set Chorus Aviation Inc. (TSE:CHR) Target Price at C$3.21

Shares of Chorus Aviation Inc. (TSE:CHR) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$3.21.

CHR has been the subject of several research analyst reports. CIBC lowered their price target on Chorus Aviation from C$3.50 to C$3.25 in a research report on Thursday, August 15th. National Bankshares lifted their target price on Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. TD Securities reduced their price target on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Monday, August 19th. Cormark upgraded shares of Chorus Aviation from a “market perform” rating to a “buy” rating and lifted their price objective for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st. Finally, Royal Bank of Canada reduced their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday, August 16th.

Chorus Aviation Price Performance

Chorus Aviation has a 12 month low of C$1.99 and a 12 month high of C$3.25. The stock has a market capitalization of C$563.77 million, a price-to-earnings ratio of 12.87, a PEG ratio of 0.65 and a beta of 2.13. The stock’s fifty day moving average is C$2.68 and its 200-day moving average is C$2.42. 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 (TSE:CHR) last issued its quarterly earnings data 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 negative net margin of 6.95% and a positive return on equity of 7.10%. The firm had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. Sell-side analysts anticipate that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Chorus Aviation news, Director David Levenson purchased 46,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of C$2.64 per share, for a total transaction of C$121,440.00. 13.81% of the stock is currently owned by company insiders.

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.