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Chorus Aviation (TSE:CHR) Sets New 1-Year High - Still a Buy?

Chorus Aviation logo with Industrials background

Chorus Aviation Inc. (TSE:CHR - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$21.47 and last traded at C$19.80, with a volume of 41104 shares trading hands. The stock had previously closed at C$2.89.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. TD Securities boosted their target price on shares of Chorus Aviation from C$24.00 to C$25.00 and gave the company a "hold" rating in a research note on Tuesday. CIBC boosted their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Finally, Canaccord Genuity Group boosted their target price 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.84.

Check Out Our Latest Analysis on Chorus Aviation

Chorus Aviation Price Performance

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's 50-day simple moving average is C$4.30 and its two-hundred day simple moving average is C$3.37. The company has a market capitalization of C$532.89 million, a price-to-earnings ratio of -32.39, a PEG ratio of 0.65 and a beta of 2.14.

About Chorus Aviation

(Get Free Report)

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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