Brokerages Set Chorus Aviation Inc. (TSE:CHR) Price Target at C$3.21

Chorus Aviation Inc. (TSE:CHR) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$3.21.

A number of equities analysts recently weighed in on CHR shares. TD Securities decreased their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 in a report on Monday, August 19th. Scotiabank upped their price target on Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. National Bankshares increased their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Royal Bank of Canada decreased their target price on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, August 16th. Finally, Cormark raised shares of Chorus Aviation from a “market perform” rating to a “buy” rating and raised their price target for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st.

Insider Transactions at Chorus Aviation

In other news, Director David Levenson bought 46,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of C$2.64 per share, for a total transaction of C$121,440.00. Corporate insiders own 13.83% of the company’s stock.

Chorus Aviation Trading Down 0.3 %

Chorus Aviation stock opened at C$2.94 on Friday. Chorus Aviation has a 12 month low of C$1.99 and a 12 month high of C$3.25. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. The business’s fifty day simple moving average is C$2.68 and its two-hundred day simple moving average is C$2.43. The company has a market capitalization of C$561.86 million, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$351.22 million for the quarter, compared to the consensus estimate of C$404.00 million. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. As a group, equities analysts predict that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

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.