Chorus Aviation (TSE:CHR) Cut to “Hold” at TD Securities

TD Securities cut shares of Chorus Aviation (TSE:CHR) from a buy rating to a hold rating in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has C$3.50 target price on the stock.

Several other research analysts also recently commented on the company. National Bankshares raised their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Royal Bank of Canada decreased their price objective on 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. Canaccord Genuity Group raised their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. CIBC decreased their price objective on Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. Finally, Scotiabank raised their price objective on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Chorus Aviation presently has an average rating of “Moderate Buy” and an average price target of C$3.37.

Chorus Aviation Trading Down 3.2 %

Chorus Aviation stock opened at C$3.06 on Friday. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. Chorus Aviation has a one year low of C$1.99 and a one year high of C$3.29. The stock has a market capitalization of C$584.80 million, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The business’s fifty day moving average is C$2.86 and its 200 day moving average is C$2.56.

Chorus Aviation (TSE:CHR) last posted its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share 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 company had revenue of C$351.22 million for the quarter, compared to the consensus estimate of C$404.00 million. On average, sell-side analysts predict that Chorus Aviation will post 0.3 EPS for the current year.

Insider Buying and Selling

In other news, Director David Levenson bought 46,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of C$2.64 per share, with a total value of C$121,440.00. 13.83% of the stock is owned by corporate insiders.

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.