Chorus Aviation Inc. (TSE:CHR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Chorus Aviation Inc. (TSE:CHR) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$3.19.

CHR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of Chorus Aviation from a “buy” rating to a “hold” rating and dropped their price target for the company from C$3.15 to C$2.50 in a research report on Wednesday, February 28th. TD Securities dropped their price target on shares of Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. 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 report on Thursday, April 4th. Scotiabank decreased their price objective on shares of Chorus Aviation from C$3.30 to C$3.00 and set a “sector perform” rating on the stock in a report on Monday, February 26th. Finally, BMO Capital Markets decreased their price objective on shares of Chorus Aviation from C$4.15 to C$3.00 in a report on Monday, March 4th.

Chorus Aviation Price Performance

TSE:CHR opened at C$2.16 on Friday. The firm has a market capitalization of C$417.81 million, a P/E ratio of 6.55, a PEG ratio of 0.65 and a beta of 2.15. The company has a debt-to-equity ratio of 137.10, a current ratio of 0.79 and a quick ratio of 0.53. The company’s fifty day moving average price is C$2.17 and its 200-day moving average price is C$2.29. Chorus Aviation has a 1-year low of C$1.99 and a 1-year high of C$3.36.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The firm had revenue of C$421.45 million for the quarter, compared to analyst estimates of C$430.00 million. Chorus Aviation had a net margin of 6.03% and a return on equity of 8.33%. As a group, equities research analysts anticipate that Chorus Aviation will post 0.2410714 EPS for the current 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.