Chorus Aviation (TSE:CHR) Price Target Cut to C$3.25

Chorus Aviation (TSE:CHR) had its price objective reduced by stock analysts at CIBC from C$3.75 to C$3.25 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 41.30% from the company’s previous close.

CHR has been the subject of a number of other reports. Cormark downgraded shares of Chorus Aviation from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$3.25 to C$2.50 in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Chorus Aviation from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$3.15 to C$2.50 in a research note on Wednesday, February 28th. Canaccord Genuity Group dropped their price target on shares of Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a research note on Wednesday. TD Securities dropped their price target on shares of Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating for the company in a research note on Wednesday, February 28th. Finally, Scotiabank dropped their price target on shares of Chorus Aviation from C$3.30 to C$3.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$3.06.

Chorus Aviation Price Performance

Shares of CHR stock traded up C$0.02 during trading hours on Wednesday, reaching C$2.30. 298,943 shares of the company were exchanged, compared to its average volume of 397,536. Chorus Aviation has a fifty-two week low of C$1.99 and a fifty-two week high of C$3.36. The stock’s fifty day moving average is C$2.08 and its two-hundred day moving average is C$2.27. The company has a market cap of C$444.89 million, a price-to-earnings ratio of 6.97, a P/E/G ratio of 0.65 and a beta of 2.13. The company has a debt-to-equity ratio of 137.10, a current ratio of 0.79 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.05). Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. The company had revenue of C$421.45 million for the quarter, compared to analyst estimates of C$430.00 million. Sell-side analysts forecast that Chorus Aviation will post 0.2339499 earnings per share for the current fiscal year.

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.