Chorus Aviation (TSE:CHR) Price Target Raised to C$3.80

Chorus Aviation (TSE:CHR) had its target price increased by CIBC from C$3.25 to C$3.80 in a research report report published on Friday,BayStreet.CA reports.

CHR has been the topic of a number of other reports. Cormark upgraded shares of Chorus Aviation from a “market perform” rating to a “buy” rating and raised their price objective for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st. Canaccord Genuity Group raised their price objective on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reduced their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday, August 16th. TD Securities lowered shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective on the stock. in a report on Friday. Finally, Scotiabank raised their price objective on shares of Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.37.

Chorus Aviation Price Performance

Shares of CHR opened at C$3.06 on Friday. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.29. The firm’s 50 day moving average price is C$2.86 and its 200 day moving average price is C$2.56. The company has a market cap of C$584.80 million, a P/E ratio of 13.30, a PEG ratio of 0.65 and a beta of 2.14. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07.

Chorus Aviation (TSE:CHR) last announced its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. The firm had revenue of C$351.22 million for the quarter, compared to the consensus estimate of C$404.00 million. On average, research analysts forecast that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chorus Aviation news, Director David Levenson acquired 46,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought 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 currently owned by 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.