Chorus Aviation (TSE:CHR) Given New C$3.80 Price Target at CIBC

Chorus Aviation (TSE:CHR - Get Free Report) had its price target hoisted by equities researchers at CIBC from C$3.25 to C$3.80 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC's target price would indicate a potential upside of 21.41% from the stock's previous close.

Several other analysts have also weighed in on CHR. Cormark raised shares of 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 report on Wednesday, July 31st. Scotiabank upped their price objective on shares of Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Royal Bank of Canada decreased their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an "outperform" rating for the company in a research note on Friday, August 16th. TD Securities lowered Chorus Aviation from a "buy" rating to a "hold" rating and set a C$3.50 price target for the company. in a report on Friday. Finally, Canaccord Genuity Group raised 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 report on Wednesday, October 23rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Chorus Aviation has an average rating of "Moderate Buy" and an average price target of C$3.37.

Chorus Aviation Price Performance

Shares of CHR traded down C$0.03 during mid-day trading on Friday, hitting C$3.13. The company's stock had a trading volume of 229,160 shares, compared to its average volume of 369,507. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. The firm has a 50-day simple moving average of C$2.85 and a 200 day simple moving average of C$2.55. The firm has a market capitalization of C$598.17 million, a P/E ratio of 13.61, a P/E/G 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 - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.06 by C$0.02. The firm had revenue of C$351.22 million during the quarter, compared to the consensus estimate of C$404.00 million. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. Analysts predict that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Insider Buying and Selling at Chorus Aviation

In related news, Director David Levenson bought 46,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of C$2.64 per share, for a total transaction of C$121,440.00. 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.

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