CIBC Has Lowered Expectations for Chorus Aviation (TSE:CHR) Stock Price

Chorus Aviation (TSE:CHR) had its price target cut by analysts at CIBC from C$32.00 to C$31.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 39.58% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets increased their price target on Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. TD Securities lifted their price objective on shares of Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada set a C$31.00 price objective on shares of Chorus Aviation and gave the company an “outperform” rating in a report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$29.40.

Chorus Aviation Trading Up 1.4%

Chorus Aviation stock opened at C$22.21 on Wednesday. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$24.31. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The stock has a market capitalization of C$520.05 million, a P/E ratio of -18.36, a PEG ratio of 0.65 and a beta of 1.54. The stock has a 50-day simple moving average of C$21.63 and a 200 day simple moving average of C$21.80.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.60 earnings per share (EPS) for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The firm had revenue of C$323.57 million for the quarter. Analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.