Chorus Aviation (TSE:CHR) Raised to "Buy" at TD Securities

Chorus Aviation (TSE:CHR - Get Free Report) was upgraded by analysts at TD Securities from a "hold" rating to a "buy" rating in a research note issued on Friday, MarketBeat reports. The firm presently has a C$27.00 target price on the stock, up from their prior target price of C$25.00. TD Securities' price objective points to a potential upside of 34.40% from the stock's current price.

Several other equities analysts also recently issued reports on CHR. BMO Capital Markets boosted their price objective on Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. CIBC boosted their price target on Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$8.75.

Chorus Aviation Stock Performance

Chorus Aviation stock traded up C$0.32 during midday trading on Friday, reaching C$20.09. 72,021 shares of the stock traded hands, compared to its average volume of 59,662. Chorus Aviation has a fifty-two week low of C$13.93 and a fifty-two week high of C$24.08. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The firm has a market cap of C$545.65 million, a price-to-earnings ratio of -33.17, a PEG ratio of 0.65 and a beta of 2.14. The firm has a fifty day moving average price of C$6.57 and a two-hundred day moving average price of C$4.19.

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.