Cormark Upgrades Chorus Aviation (TSE:CHR) to Buy

Cormark upgraded shares of Chorus Aviation (TSE:CHR) from a market perform rating to a buy rating in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have C$4.05 price target on the stock, up from their previous price target of C$2.50. Cormark also issued estimates for Chorus Aviation’s FY2024 earnings at $0.25 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.08 EPS and FY2026 earnings at $0.31 EPS.

Several other research firms also recently weighed in on CHR. Scotiabank boosted their target price on shares of Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday. Canaccord Genuity Group lowered their price objective on shares of Chorus Aviation from C$2.60 to C$2.50 and set a hold rating for the company in a research report on Wednesday, May 8th. Royal Bank of Canada set a C$3.50 price objective on shares of Chorus Aviation and gave the company an outperform rating in a research report on Thursday, April 4th. Finally, CIBC lowered their price objective on shares of Chorus Aviation from C$3.75 to C$3.25 and set an outperform rating for the company in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of C$3.27.

Chorus Aviation Price Performance

CHR opened at C$2.62 on Wednesday. The company has a 50-day moving average of C$2.44 and a 200-day moving average of C$2.30. The company 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 has a 1-year low of C$1.99 and a 1-year high of C$3.25. The company has a debt-to-equity ratio of 124.08, a quick ratio of 0.53 and a current ratio of 0.67.

Chorus Aviation (TSE:CHR) last released 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. The company had revenue of C$426.18 million during the quarter, compared to the consensus estimate of C$416.00 million. Chorus Aviation had a net margin of 4.65% and a return on equity of 6.69%. Equities analysts expect that Chorus Aviation will post 0.2148438 EPS 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.