Chorus Aviation Inc. (TSE:CHR) Receives Consensus Rating of "Moderate Buy" from Analysts

Chorus Aviation Inc. (TSE:CHR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the nine analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$3.31.

CHR has been the topic of a number of recent analyst reports. Cormark upgraded shares of Chorus Aviation from a "market perform" rating to a "buy" rating and boosted their price target for the stock from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. CIBC cut their price objective on Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. National Bankshares raised their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Canaccord Genuity Group increased their target price on Chorus Aviation from C$2.50 to C$3.10 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Finally, Scotiabank lifted their price target on Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st.

Chorus Aviation Stock Performance

Shares of TSE:CHR traded up C$0.02 during trading on Thursday, reaching C$3.02. 211,887 shares of the company's stock traded hands, compared to its average volume of 362,306. The stock has a market capitalization of C$577.15 million, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a 50 day moving average of C$2.79 and a 200-day moving average of C$2.51. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. Chorus Aviation has a 12 month low of C$1.99 and a 12 month high of C$3.25.

Chorus Aviation (TSE:CHR - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. The firm had revenue of C$351.22 million during the quarter, compared to analysts' expectations of C$404.00 million. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. On average, equities analysts expect that Chorus Aviation will post 0.3 EPS for the current year.

Insider Activity

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

About Chorus Aviation

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.