Chorus Aviation (TSE:CHR) Stock Rating Lowered by TD Securities

Chorus Aviation (TSE:CHR) was downgraded by stock analysts at TD Securities from a “buy” rating to a “hold” rating in a report issued on Friday,BayStreet.CA reports. They presently have a C$3.50 target price on the stock. TD Securities’ price target indicates a potential upside of 11.82% from the company’s previous close.

A number of other equities analysts have also recently weighed in on CHR. Scotiabank upped their price objective on shares of Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday, July 31st. National Bankshares boosted their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. CIBC cut their target price on shares of Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. Canaccord Genuity Group raised their price target on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and increased their target price for the stock from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and five have given 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$3.37.

Chorus Aviation Price Performance

CHR stock traded down C$0.03 on Friday, reaching C$3.13. The company had a trading volume of 229,160 shares, compared to its average volume of 369,507. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. The company’s fifty day moving average is C$2.85 and its 200 day moving average is C$2.55. The company has a market cap of C$598.17 million, a P/E ratio of 13.61, a PEG ratio of 0.65 and a beta of 2.14. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.29.

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

Insider Transactions at Chorus Aviation

In other Chorus Aviation news, Director David Levenson bought 144,600 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of C$2.61 per share, for a total transaction of C$377,406.00. Company 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.