Chorus Aviation (TSE:CHR) Price Target Raised to C$3.10

Chorus Aviation (TSE:CHR) had its price target lifted by research analysts at Canaccord Genuity Group from C$2.50 to C$3.10 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 3.33% from the company’s previous close.

Several other analysts have also commented on CHR. TD Securities raised their target price on Chorus Aviation from C$3.25 to C$3.50 and gave the stock a “buy” rating in a report on Thursday, October 17th. National Bankshares raised their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. CIBC decreased their target price on shares of Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. Cormark raised 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 lowered 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 research note on Friday, August 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chorus Aviation presently has an average rating of “Moderate Buy” and an average target price of C$3.31.

Chorus Aviation Stock Performance

Shares of TSE CHR opened at C$3.00 on Wednesday. The company has a 50 day simple moving average of C$2.75 and a two-hundred day simple moving average of C$2.48. The stock has a market cap of C$573.33 million, a price-to-earnings ratio of 13.04, a PEG ratio of 0.65 and a beta of 2.14. 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$3.25.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, beating 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 negative net margin of 6.95% and a positive return on equity of 7.10%. As a group, analysts predict that Chorus Aviation will post 0.3 earnings per share for the current year.

Insider Activity

In other news, Director David Levenson bought 144,600 shares of Chorus Aviation stock in a transaction on Friday, August 23rd. The stock was acquired at an average price of C$2.61 per share, with a total value of C$377,406.00. Company 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.