Chorus Aviation (TSE:CHR) Sets New 52-Week High – Still a Buy?

Chorus Aviation Inc. (TSE:CHR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$21.47 and last traded at C$19.80, with a volume of 41104 shares changing hands. The stock had previously closed at C$2.89.

Analyst Ratings Changes

CHR has been the subject of a number of recent research reports. TD Securities raised their price objective on shares of Chorus Aviation from C$24.00 to C$25.00 and gave the stock a “hold” rating in a research note on Tuesday. BMO Capital Markets raised their price target on Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Canaccord Genuity Group increased their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, CIBC boosted their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.84.

Chorus Aviation Price Performance

The company has a 50-day moving average of C$3.65 and a two-hundred day moving average of C$3.14. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The stock has a market capitalization of C$3.70 billion, a PE ratio of 84.17, a P/E/G ratio of 0.65 and a beta of 2.14.

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.