Chorus Aviation Inc. (TSE:CHR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$3.45.

Several analysts have recently weighed in on CHR shares. Canaccord Genuity Group lifted their price objective on shares of 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. CIBC lifted their price target on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. TD Securities cut shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective on the stock. in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their target price on Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th.

Chorus Aviation Price Performance

CHR stock opened at C$2.89 on Friday. The company’s fifty day simple moving average is C$3.02 and its 200 day simple moving average is C$2.90. Chorus Aviation has a 12-month low of C$1.99 and a 12-month high of C$3.44. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. The firm has a market cap of C$552.31 million, a price-to-earnings ratio of 12.57, a PEG ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHR) last released its earnings results on Wednesday, November 6th. The company reported C$0.05 EPS for the quarter, topping the consensus estimate of C$0.03 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, analysts expect that Chorus Aviation will post 0.3 earnings per share for the current 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.