Chorus Aviation Inc. (TSE:CHR) Receives Average Rating of “Moderate Buy” from Analysts

Chorus Aviation Inc. (TSE:CHR) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat.com 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 1 year price target among brokerages that have issued a report on the stock in the last year is C$3.21.

A number of equities analysts have recently commented on CHR shares. Royal Bank of Canada dropped their price target on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research report on Friday, August 16th. Cormark raised shares of Chorus Aviation from a “market perform” rating to a “buy” rating and lifted their price target for the company from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. TD Securities dropped their price target on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Monday, August 19th. National Bankshares lifted 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, Scotiabank lifted their price target on shares of Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday, July 31st.

Insider Transactions at Chorus Aviation

In other Chorus Aviation news, Director David Levenson purchased 46,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of C$2.64 per share, for a total transaction of C$121,440.00. 13.81% of the stock is currently owned by corporate insiders.

Chorus Aviation Stock Performance

The company has a market capitalization of C$559.95 million, a price-to-earnings ratio of 12.39, a PEG ratio of 0.65 and a beta of 2.13. The company’s fifty day simple moving average is C$2.67 and its 200 day simple moving average is C$2.40. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. Chorus Aviation has a 52-week low of C$1.99 and a 52-week high of C$3.25.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, beating 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 company had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. On average, sell-side analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

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.