CIBC Issues Positive Forecast for Chorus Aviation (TSE:CHR) Stock Price

Chorus Aviation (TSE:CHR) had its price objective increased by CIBC from C$3.25 to C$3.80 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 21.41% from the company’s previous close.

CHR has been the topic of a number of other research reports. Scotiabank raised their target price on shares of Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday, July 31st. Royal Bank of Canada lowered their target price on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, August 16th. Cormark upgraded Chorus Aviation from a “market perform” rating to a “buy” rating and upped their price target for the company from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. National Bankshares raised their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Finally, TD Securities lowered shares of 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$3.37.

Chorus Aviation Stock Down 0.9 %

Shares of CHR traded down C$0.03 during midday trading on Friday, hitting C$3.13. The stock had a trading volume of 229,160 shares, compared to its average volume of 369,507. The firm has a market cap of C$598.17 million, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a 50 day simple moving average of C$2.85 and a two-hundred day simple moving average of C$2.55. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.29. 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 (TSE:CHR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. The business had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. On average, analysts anticipate that Chorus Aviation will post 0.3 EPS for the current year.

Insider Transactions at Chorus Aviation

In other Chorus Aviation news, Director David Levenson acquired 46,000 shares of Chorus Aviation stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of C$2.64 per share, for a total transaction of C$121,440.00. Company 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.