Chorus Aviation Inc. (TSE:CHR) Receives C$3.06 Average Target Price from Analysts

Chorus Aviation Inc. (TSE:CHR) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$3.06.

A number of equities research analysts recently commented on the company. CIBC dropped their target price on Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada set a C$3.50 price objective on shares of Chorus Aviation and gave the company an “outperform” rating in a report on Thursday, April 4th. Finally, Canaccord Genuity Group cut their price objective on shares of Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating on the stock in a research note on Wednesday, May 8th.

Chorus Aviation Price Performance

TSE CHR opened at C$2.81 on Tuesday. The company has a market cap of C$540.98 million, a price-to-earnings ratio of 12.77, a PEG ratio of 0.65 and a beta of 2.11. The company has a debt-to-equity ratio of 124.08, a current ratio of 0.67 and a quick ratio of 0.53. The stock’s fifty day moving average price is C$2.40 and its 200 day moving average price is C$2.29. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.22.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.01. The business had revenue of C$426.18 million for the quarter, compared to the consensus estimate of C$416.00 million. Chorus Aviation had a return on equity of 6.69% and a net margin of 4.65%. As a group, equities research analysts forecast that Chorus Aviation will post 0.2148438 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.