Chorus Aviation Inc. (TSE:CHR) Receives Average Rating of “Moderate Buy” from Analysts

Chorus Aviation Inc. (TSE:CHR) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$3.06.

A number of research analysts have recently commented on the company. Canaccord Genuity Group lowered their price target on Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating on the stock in a report on Wednesday. CIBC dropped their price target on shares of Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research report on Wednesday. TD Securities decreased their price objective on shares of Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating for the company in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft cut Chorus Aviation from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$3.15 to C$2.50 in a report on Wednesday, February 28th. Finally, BMO Capital Markets decreased their price target on Chorus Aviation from C$4.15 to C$3.00 in a research note on Monday, March 4th.

Chorus Aviation Trading Up 0.9 %

Shares of TSE:CHR opened at C$2.30 on Thursday. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.36. The company has a quick ratio of 0.53, a current ratio of 0.79 and a debt-to-equity ratio of 137.10. The company has a market cap of C$444.89 million, a PE ratio of 6.97, a P/E/G ratio of 0.65 and a beta of 2.13. The company’s 50-day moving average price is C$2.09 and its 200 day moving average price is C$2.27.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.05). The business had revenue of C$421.45 million during the quarter, compared to the consensus estimate of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. Sell-side analysts anticipate that Chorus Aviation will post 0.2339499 earnings per share for the current year.

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.