Chorus Aviation (TSE:CHR) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Chorus Aviation (TSE:CHR) had its target price raised by BMO Capital Markets from C$3.00 to C$3.75 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 10.95% from the stock’s previous close.

Several other research firms have also weighed in on CHR. Royal Bank of Canada lowered their target price on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday, August 16th. Canaccord Genuity Group raised 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 report on Wednesday, October 23rd. CIBC lifted their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a research report on Friday, November 8th. National Bankshares increased their price target on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Finally, TD Securities downgraded Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective for the company. in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$3.45.

Chorus Aviation Stock Up 1.5 %

CHR stock opened at C$3.38 on Friday. 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 company’s 50-day moving average price is C$3.04 and its 200 day moving average price is C$2.68. Chorus Aviation has a 52 week low of C$1.99 and a 52 week high of C$3.43. The company has a market cap of C$645.95 million, a P/E ratio of 14.70, a P/E/G ratio of 0.65 and a beta of 2.14.

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.