Chorus Aviation Inc. (TSE:CHR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Chorus Aviation Inc. (TSE:CHR) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$9.53.

A number of brokerages recently commented on CHR. CIBC boosted their target price on shares of Chorus Aviation from C$26.00 to C$28.00 in a research note on Friday, February 21st. BMO Capital Markets upped their price objective on Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Finally, TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and increased their price objective for the company from C$25.00 to C$27.00 in a report on Friday, February 21st.

Chorus Aviation Trading Up 1.0 %

TSE CHR opened at C$20.72 on Wednesday. Chorus Aviation has a 52 week low of C$14.00 and a 52 week high of C$24.08. The firm has a 50 day moving average of C$10.42 and a two-hundred day moving average of C$5.55. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The stock has a market capitalization of C$562.76 million, a PE ratio of -34.21, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14.

Insider Buying and Selling at Chorus Aviation

In other news, Senior Officer Colin Copp acquired 4,980 shares of Chorus Aviation stock in a transaction on Thursday, February 27th. The stock was bought at an average price of C$20.12 per share, for a total transaction of C$100,197.60. 13.83% of the stock is currently owned by insiders.

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.