Chorus Aviation (TSE:CHR) PT Raised to C$3.50 at TD Securities

Chorus Aviation (TSE:CHR) had its target price boosted by TD Securities from C$3.25 to C$3.50 in a research report sent to investors on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently issued reports on the stock. Scotiabank upped their price objective on shares of Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Cormark upgraded shares of Chorus Aviation from a “market perform” rating to a “buy” rating and upped their price target for the company from C$2.50 to C$4.05 in a report on Wednesday, July 31st. National Bankshares lifted their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. CIBC cut their price objective on Chorus Aviation from C$3.50 to C$3.25 in a research report on Thursday, August 15th. Finally, Royal Bank of Canada lowered their target price on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$3.24.

Chorus Aviation Price Performance

Shares of TSE:CHR opened at C$3.01 on Thursday. The stock has a market capitalization of C$575.24 million, a P/E ratio of 13.09, a P/E/G ratio of 0.65 and a beta of 2.14. The business has a 50-day moving average of C$2.71 and a two-hundred day moving average of C$2.45. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.25. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last posted its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. The firm had revenue of C$351.22 million during the quarter, compared to analyst estimates of C$404.00 million. On average, equities research analysts predict that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Insider Activity at Chorus Aviation

In other news, Director David Levenson acquired 144,600 shares of Chorus Aviation stock in a transaction on Friday, August 23rd. The stock was bought at an average price of C$2.61 per share, for a total transaction of C$377,406.00. Corporate insiders own 13.83% of the company’s stock.

Chorus Aviation Company Profile

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.