Chorus Aviation Inc. (TSE:CHR) Receives C$3.19 Consensus Price Target from Analysts

Chorus Aviation Inc. (TSE:CHR) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$3.19.

CHR has been the subject of several research analyst reports. TD Securities cut their price objective on Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating for the company in a research report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Chorus Aviation from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$3.15 to C$2.50 in a research note on Wednesday, February 28th. Scotiabank lowered their price target on shares of Chorus Aviation from C$3.30 to C$3.00 and set a “sector perform” rating for the company in a report on Monday, February 26th. Royal Bank of Canada set a C$3.50 price objective on Chorus Aviation and gave the stock an “outperform” rating in a report on Thursday, April 4th. Finally, Cormark cut Chorus Aviation from a “buy” rating to a “market perform” rating and lowered their target price for the company from C$3.25 to C$2.50 in a research note on Monday, February 26th.

Chorus Aviation Stock Up 0.5 %

Shares of TSE CHR opened at C$2.03 on Friday. Chorus Aviation has a 52-week low of C$1.99 and a 52-week high of C$3.36. The company has a debt-to-equity ratio of 137.10, a quick ratio of 0.53 and a current ratio of 0.79. The business has a fifty day moving average of C$2.14 and a two-hundred day moving average of C$2.28. The stock has a market cap of C$392.66 million, a PE ratio of 6.15, a PEG ratio of 0.65 and a beta of 2.15.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The firm 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%. As a group, equities research analysts expect that Chorus Aviation will post 0.2410714 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.