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

Chorus Aviation (TSE:CHR) had its price objective dropped by research analysts at Scotiabank from C$27.00 to C$26.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 17.06% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. CIBC lowered their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday. BMO Capital Markets increased their price target on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$31.00 price objective on Chorus Aviation and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Finally, TD Securities boosted their price objective on Chorus Aviation from C$30.00 to C$31.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.40.

Chorus Aviation Price Performance

Chorus Aviation stock opened at C$22.21 on Wednesday. The stock’s 50 day moving average is C$21.63 and its 200 day moving average is C$21.80. Chorus Aviation has a one year low of C$17.62 and a one year high of C$24.31. The firm has a market cap of C$520.05 million, a P/E ratio of -18.36, a P/E/G ratio of 0.65 and a beta of 1.54. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53.

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

About Chorus Aviation

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.