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

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

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

Insider Activity

In other news, Senior Officer Colin Copp purchased 4,980 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of C$20.12 per share, for a total transaction of C$100,197.60. Insiders own 13.83% of the company’s stock.

Chorus Aviation Trading Up 0.7%

TSE:CHR opened at C$19.99 on Monday. The firm has a market capitalization of C$542.93 million, a P/E ratio of -33.00, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The company has a fifty day moving average of C$19.36 and a 200 day moving average of C$11.31. Chorus Aviation has a 52 week low of C$14.63 and a 52 week high of C$24.08.

About Chorus Aviation

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.