Chorus Aviation (TSE:CHR) Price Target Lowered to C$3.00 at BMO Capital Markets

Chorus Aviation (TSE:CHRFree Report) had its price objective reduced by BMO Capital Markets from C$4.15 to C$3.00 in a research note published on Monday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. CIBC cut their price objective on shares of Chorus Aviation from C$4.25 to C$3.75 and set an outperform rating on the stock in a research report on Monday, February 26th. Royal Bank of Canada lowered their target price on shares of Chorus Aviation from C$3.75 to C$3.50 and set an outperform rating on the stock in a report on Monday, February 26th. TD Securities lowered their target price on shares of Chorus Aviation from C$5.00 to C$3.75 and set a buy rating on the stock in a report on Wednesday, February 28th. Cormark lowered shares of Chorus Aviation from a buy rating to a market perform rating and lowered their target price for the stock from C$3.25 to C$2.50 in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Chorus Aviation from a buy rating to a hold rating and lowered their target price for the stock from C$3.15 to C$2.50 in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$3.19.

View Our Latest Report on Chorus Aviation

Chorus Aviation Stock Performance

TSE CHR opened at C$2.04 on Monday. The firm’s fifty day moving average price is C$2.44 and its two-hundred day moving average price is C$2.39. The stock has a market cap of C$394.60 million, a PE ratio of 6.18, a PEG ratio of 0.65 and a beta of 2.17. Chorus Aviation has a fifty-two week low of C$2.03 and a fifty-two week high of C$3.55. The company has a debt-to-equity ratio of 137.10, a quick ratio of 0.53 and a current ratio of 0.79.

Chorus Aviation (TSE:CHRGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.05). The company had revenue of C$421.45 million for the quarter, compared to the consensus estimate of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. On average, equities analysts expect that Chorus Aviation will post 0.2400881 EPS for the current fiscal year.

About Chorus Aviation

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Chorus Aviation Inc, through its subsidiaries, provides aviation solutions in the United States and Canada. 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.

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Analyst Recommendations for Chorus Aviation (TSE:CHR)

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