Chorus Aviation Inc. (TSE:CHR) Receives C$3.37 Average PT from Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR - Get Free Report) have received an average rating of "Moderate Buy" from the nine brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$3.37.

A number of equities research analysts have recently weighed in on CHR shares. CIBC boosted their target price on Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Canaccord Genuity Group upped 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. Scotiabank upped their price target on Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday, July 31st. Cormark raised shares of Chorus Aviation from a "market perform" rating to a "buy" rating and boosted their price objective for the company from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. Finally, National Bankshares raised their target price on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th.

Insider Activity

In other news, Director David Levenson acquired 46,000 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of C$2.64 per share, with a total value of C$121,440.00. Company insiders own 13.83% of the company's stock.

Chorus Aviation Trading Up 2.8 %

Shares of CHR traded up C$0.09 during mid-day trading on Monday, reaching C$3.34. The company's stock had a trading volume of 656,136 shares, compared to its average volume of 374,519. Chorus Aviation has a 52 week low of C$1.99 and a 52 week high of C$3.43. The stock has a market cap of C$638.31 million, a PE ratio of 14.52, a P/E/G ratio of 0.65 and a beta of 2.14. The company's fifty day moving average price is C$2.98 and its two-hundred day moving average price is C$2.64. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07.

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.