Chorus Aviation Inc. (TSE:CHR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$3.45.

A number of analysts have recently weighed in on CHR shares. CIBC increased their price objective on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Canaccord Genuity Group lifted their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. BMO Capital Markets boosted their price objective on Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. Finally, TD Securities lowered Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 target price on the stock. in a report on Friday, November 8th.

Chorus Aviation Price Performance

Shares of TSE:CHR opened at C$3.00 on Friday. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.44. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. The company has a market cap of C$573.33 million, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company’s 50 day moving average is C$3.15 and its 200 day moving average is C$2.78.

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.