Chorus Aviation (TSE:CHR) Downgraded by TD Securities to Hold

TD Securities lowered shares of Chorus Aviation (TSE:CHR) from a buy rating to a hold rating in a research note published on Friday morning,BayStreet.CA reports. They currently have C$3.50 price objective on the stock.

Several other research firms have also recently commented on CHR. Cormark upgraded Chorus Aviation from a “market perform” rating to a “buy” rating and raised their target price for the company from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. 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 for the company in a report on Friday, August 16th. National Bankshares raised their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Canaccord Genuity Group upped their price target 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. Finally, CIBC lowered their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$3.37.

Chorus Aviation Stock Performance

CHR stock opened at C$3.16 on Friday. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.29. The stock has a market capitalization of C$603.91 million, a price-to-earnings ratio of 13.87, a PEG ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. The stock’s fifty day moving average is C$2.86 and its two-hundred 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 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$351.22 million during the quarter, compared to analysts’ expectations of C$404.00 million. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. On average, research analysts predict that Chorus Aviation will post 0.3 EPS for the current year.

Insider Activity

In other news, Director David Levenson acquired 46,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of C$2.64 per share, for a total transaction of C$121,440.00. 13.83% of the stock is owned by company 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.