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

Chorus Aviation Inc. (TSE:CHR) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$3.45.

Several equities analysts have recently issued reports on the stock. 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, November 8th. CIBC boosted their target price on Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. BMO Capital Markets raised their price target on Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. Finally, Canaccord Genuity Group boosted their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research report on Wednesday, October 23rd.

Chorus Aviation Stock Down 2.7 %

Chorus Aviation stock opened at C$2.93 on Friday. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.44. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. The firm has a market capitalization of C$559.95 million, a price-to-earnings ratio of 12.74, a PEG ratio of 0.65 and a beta of 2.14. The company’s 50 day simple moving average is C$3.15 and its 200 day simple moving average is C$2.76.

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.