Chorus Aviation (TSE:CHR) Upgraded by TD Securities to Buy Rating

Chorus Aviation (TSE:CHR) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a C$27.00 target price on the stock, up from their previous target price of C$25.00. TD Securities’ target price indicates a potential upside of 39.18% from the company’s current price.

A number of other brokerages have also recently issued reports on CHR. CIBC upped their target price on shares of Chorus Aviation from C$3.25 to C$3.80 in a report on Friday, November 8th. 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$8.75.

Chorus Aviation Stock Up 0.7 %

TSE CHR traded up C$0.14 on Friday, reaching C$19.40. The company had a trading volume of 15,202 shares, compared to its average volume of 55,982. The firm has a market capitalization of C$526.91 million, a price-to-earnings ratio of -32.03, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. Chorus Aviation has a 1-year low of C$13.93 and a 1-year high of C$24.08. The company’s fifty day moving average is C$5.91 and its 200-day moving average is C$3.95.

Chorus Aviation Company Profile

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.