Chorus Aviation (TSE:CHR) Stock Price Expected to Rise, CIBC Analyst Says

Chorus Aviation (TSE:CHR) had its target price lifted by CIBC from C$26.00 to C$28.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

A number of other brokerages have also issued reports on CHR. BMO Capital Markets increased their target price on shares of Chorus Aviation from C$3.00 to C$3.75 in a research report on Friday, November 29th. TD Securities upgraded shares of Chorus Aviation from a “hold” rating to a “buy” rating and increased their target price for the stock from C$25.00 to C$27.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.75.

Chorus Aviation Stock Performance

Shares of TSE:CHR opened at C$19.56 on Friday. The company’s 50 day moving average price is C$5.91 and its two-hundred day moving average price is C$3.95. Chorus Aviation has a 12-month low of C$13.93 and a 12-month high of C$24.08. The firm has a market cap of C$531.26 million, a PE ratio of -32.29, a PEG ratio of 0.65 and a beta of 2.14. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79.

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.