Brokerages Set Chorus Aviation Inc. (TSE:CHR) Target Price at C$3.37

Chorus Aviation Inc. (TSE:CHR) has received an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$3.37.

CHR has been the topic of a number of recent research reports. Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and upped their price objective for the stock from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. National Bankshares upped their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. TD Securities lowered Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective on the stock. in a research report on Friday, November 8th. Royal Bank of Canada dropped their target price on 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. Finally, Canaccord Genuity Group increased their target price on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a report on Wednesday, October 23rd.

Chorus Aviation Stock Up 0.6 %

Chorus Aviation stock opened at C$3.33 on Monday. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.43. The stock’s fifty day simple moving average is C$3.02 and its 200-day simple moving average is C$2.66. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. The firm has a market capitalization of C$636.40 million, a P/E ratio of 14.48, a P/E/G ratio of 0.65 and a beta of 2.14.

About Chorus Aviation

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.