National Bankshares Boosts Chorus Aviation (TSE:CHR) Price Target to C$3.65

Chorus Aviation (TSE:CHR) had its price target lifted by National Bankshares from C$3.25 to C$3.65 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts also recently issued reports on CHR. Canaccord Genuity Group reduced their price target on shares of Chorus Aviation from C$2.60 to C$2.50 and set a hold rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada set a C$3.50 price target on shares of Chorus Aviation and gave the company an outperform rating in a report on Thursday, April 4th. Cormark raised shares of Chorus Aviation from a market perform rating to a buy rating and upped their price target for the company from C$2.50 to C$4.05 in a report on Wednesday. TD Securities reduced their price objective on shares of Chorus Aviation from C$3.75 to C$3.50 and set a buy rating on the stock in a research note on Wednesday. Finally, Scotiabank upped their price objective on shares of Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Chorus Aviation currently has a consensus rating of Moderate Buy and an average price target of C$3.27.

Chorus Aviation Trading Down 3.7 %

Shares of CHR opened at C$2.62 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.53 and a debt-to-equity ratio of 124.08. The firm’s 50-day moving average is C$2.44 and its two-hundred day moving average is C$2.30. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.25. The firm has a market capitalization of C$504.40 million, a P/E ratio of 11.91, a PEG ratio of 0.65 and a beta of 2.11.

Chorus Aviation (TSE:CHR) last issued its earnings results on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.01. Chorus Aviation had a net margin of 4.65% and a return on equity of 6.69%. The company had revenue of C$426.18 million for the quarter, compared to analyst estimates of C$416.00 million. On average, research analysts predict that Chorus Aviation will post 0.2148438 earnings per share for the current fiscal year.

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.