Chorus Aviation Inc. (TSE:CHR) Receives Average Recommendation of “Moderate Buy” from Analysts

Chorus Aviation Inc. (TSE:CHR) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$3.45.

CHR has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. Canaccord Genuity Group lifted their price target on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. TD Securities downgraded Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective for the company. in a research note on Friday, November 8th. Finally, CIBC lifted their target price on Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th.

Chorus Aviation Price Performance

CHR opened at C$2.89 on Friday. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.44. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The company has a market capitalization of C$552.31 million, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.65 and a beta of 2.14. The firm’s fifty day moving average price is C$3.02 and its two-hundred day moving average price is C$2.90.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.05 earnings per share for the quarter, topping the consensus estimate of C$0.03 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. During the same quarter in the previous year, the firm earned $0.06 EPS. As a group, analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

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.