TD Securities Boosts Chorus Aviation (TSE:CHR) Price Target to C$3.50

Chorus Aviation (TSE:CHR) had its price objective hoisted by TD Securities from C$3.25 to C$3.50 in a research report released on Thursday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the company. Royal Bank of Canada dropped their price objective on 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. National Bankshares raised their price target on Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. CIBC dropped their price target on Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. Cormark upgraded Chorus Aviation from a “market perform” rating to a “buy” rating and raised their price target for the stock from C$2.50 to C$4.05 in a research note on Wednesday, July 31st. Finally, Scotiabank raised their price target on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$3.24.

Chorus Aviation Trading Up 1.0 %

CHR opened at C$3.04 on Thursday. Chorus Aviation has a one year low of C$1.99 and a one year high of C$3.25. The company has a market cap of C$580.97 million, a P/E ratio of 13.22, a PEG ratio of 0.65 and a beta of 2.14. 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 business’s 50-day simple moving average is C$2.72 and its 200-day simple moving average is C$2.46.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates 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. As a group, equities research analysts expect that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at Chorus Aviation

In related news, Director David Levenson bought 144,600 shares of the stock in a transaction on Friday, August 23rd. The shares were bought at an average cost of C$2.61 per share, for a total transaction of C$377,406.00. Company insiders own 13.83% of the company’s stock.

Chorus Aviation Company Profile

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.