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

Shares of Chorus Aviation Inc. (TSE:CHR) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$9.53.

Several equities research analysts recently weighed in on the company. CIBC lifted their price target on Chorus Aviation from C$26.00 to C$28.00 in a research report on Friday, February 21st. TD Securities raised Chorus Aviation from a “hold” rating to a “buy” rating and raised their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, February 21st.

Chorus Aviation Stock Performance

Shares of CHR opened at C$19.70 on Friday. The company has a 50-day simple moving average of C$14.97 and a two-hundred day simple moving average of C$7.20. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The firm has a market capitalization of C$535.06 million, a PE ratio of -32.52, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. Chorus Aviation has a one year low of C$14.00 and a one year high of C$24.08.

Insider Transactions at Chorus Aviation

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

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.