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

Chorus Aviation (TSE:CHR) had its price objective lifted by investment analysts at CIBC from C$3.25 to C$3.80 in a research report issued on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 24.18% from the stock’s previous close.

Other research analysts also recently issued reports about the company. TD Securities downgraded Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 target price for the company. in a research note on Friday. National Bankshares lifted their price objective on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Royal Bank of Canada decreased their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a report on Friday, August 16th. Scotiabank raised their target price on shares of Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group upped their price target on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$3.37.

Chorus Aviation Stock Performance

TSE CHR opened at C$3.06 on Friday. The firm has a market capitalization of C$584.80 million, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a current ratio of 1.45, a quick ratio of 0.53 and a debt-to-equity ratio of 60.07. The firm’s fifty day moving average price is C$2.86 and its two-hundred day moving average price is C$2.56. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.29.

Chorus Aviation (TSE:CHR) last issued its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (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 analysts’ expectations of C$404.00 million. As a group, research analysts anticipate that Chorus Aviation will post 0.3 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Levenson purchased 144,600 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was acquired at an average cost of C$2.61 per share, for a total transaction of C$377,406.00. Company insiders own 13.83% of the company’s stock.

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.