Brokerages Set Chorus Aviation Inc. (TSE:CHR) Target Price at C$12.88

Chorus Aviation Inc. (TSE:CHR) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$12.88.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Chorus Aviation from C$25.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. CIBC upped their price objective on shares of Chorus Aviation from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Finally, TD Securities upped their price objective on shares of Chorus Aviation from C$27.00 to C$29.00 and gave the company a “buy” rating in a research report on Thursday, May 8th.

Chorus Aviation Trading Up 3.7%

Shares of TSE:CHR opened at C$20.37 on Monday. The stock has a market capitalization of C$553.26 million, a PE ratio of -33.63, a P/E/G ratio of 0.65 and a beta of 2.14. Chorus Aviation has a 1 year low of C$14.63 and a 1 year high of C$24.08. The firm has a fifty day moving average price of C$19.33 and a 200 day moving average price of C$11.66. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79.

Insider Buying and Selling

In other news, Senior Officer Colin Copp acquired 4,980 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of C$20.12 per share, with a total value of C$100,197.60. Company insiders own 13.83% of the company’s stock.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.