Brokerages Set Chorus Aviation Inc. (TSE:CHR) Price Target at C$3.45

Chorus Aviation Inc. (TSE:CHR) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$3.45.

Several research analysts have recently commented on CHR shares. TD Securities lowered shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price objective for the company. in a research note on Friday, November 8th. CIBC raised their price objective on shares of Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. BMO Capital Markets raised their price objective on shares of Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th. Finally, 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.

Chorus Aviation Trading Down 2.1 %

TSE CHR opened at C$2.81 on Tuesday. The firm has a 50 day simple moving average of C$3.15 and a 200-day simple moving average of C$2.87. 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 one year low of C$1.99 and a one year high of C$3.44. The firm has a market cap of C$537.02 million, a price-to-earnings ratio of 12.22, a PEG ratio of 0.65 and a beta of 2.14.

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.