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

Chorus Aviation Inc. (TSE:CHR) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$3.45.

Several equities analysts have recently weighed in on the stock. CIBC raised their price objective on shares of Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. BMO Capital Markets raised their target price on shares of Chorus Aviation from C$3.00 to C$3.75 in a report on Friday, November 29th. Canaccord Genuity Group upped their price target 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. Finally, TD Securities lowered 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.

Chorus Aviation Trading Up 0.4 %

Shares of CHR stock opened at C$2.81 on Tuesday. The stock has a 50-day simple moving average of C$3.13 and a 200 day simple moving average of C$2.88. The stock has a market capitalization of C$537.02 million, a P/E ratio of 12.22, a P/E/G ratio of 0.65 and a beta of 2.14. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.44. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07.

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.