Scotiabank Lowers Chorus Aviation (TSE:CHR) Price Target to C$3.50

Chorus Aviation (TSE:CHR) had its target price lowered by equities research analysts at Scotiabank from C$4.00 to C$3.50 in a report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target points to a potential upside of 56.25% from the company’s current price.

A number of other equities research analysts have also commented on CHR. Royal Bank of Canada reduced their price objective on shares of Chorus Aviation from C$4.00 to C$3.75 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. CIBC reduced their price objective on shares of Chorus Aviation from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Cormark reduced their price objective on shares of Chorus Aviation from C$4.00 to C$3.25 in a research note on Friday. Finally, BMO Capital Markets reduced their price objective on shares of Chorus Aviation from C$5.35 to C$4.75 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$4.00.

Chorus Aviation Stock Down 0.4 %

TSE:CHR opened at C$2.24 on Friday. The firm’s 50 day simple moving average is C$2.31 and its 200 day simple moving average is C$2.75. The company has a debt-to-equity ratio of 139.21, a current ratio of 0.76 and a quick ratio of 0.53. Chorus Aviation has a one year low of C$2.05 and a one year high of C$4.04. The company has a market cap of C$436.17 million, a PE ratio of 5.33, a P/E/G ratio of 0.65 and a beta of 2.23.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$0.06 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.05). Chorus Aviation had a net margin of 6.61% and a return on equity of 9.02%. The firm had revenue of C$447.60 million during the quarter, compared to the consensus estimate of C$403.03 million. On average, research analysts anticipate that Chorus Aviation will post 0.3936731 earnings per share for the current year.

Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, provides aviation solutions in the United States and Canada. 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.