Analysts Set Chorus Aviation Inc. (TSE:CHR) Price Target at C$9.53

Shares of Chorus Aviation Inc. (TSE:CHR) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$9.53.

Several equities analysts recently weighed in on CHR shares. BMO Capital Markets lifted their target price on Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, February 21st. Finally, CIBC boosted their price objective on Chorus Aviation from C$26.00 to C$28.00 in a research report on Friday, February 21st.

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 stock was bought at an average cost of C$20.12 per share, with a total value of C$100,197.60. Company insiders own 13.83% of the company’s stock.

Chorus Aviation Price Performance

TSE CHR opened at C$20.79 on Wednesday. The company has a market capitalization of C$564.66 million, a PE ratio of -34.32, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The business’s fifty day moving average is C$9.71 and its 200 day moving average is C$5.34. Chorus Aviation has a fifty-two week low of C$13.93 and a fifty-two week high of C$24.08.

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.