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

Chorus Aviation Inc. (TSE:CHR) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$3.06.

Several analysts recently commented on CHR shares. Scotiabank reduced their price objective 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. BMO Capital Markets lowered their price target on Chorus Aviation from C$4.15 to C$3.00 in a report on Monday, March 4th. Cormark cut Chorus Aviation from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$3.25 to C$2.50 in a report on Monday, February 26th. CIBC lowered their target price on Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft downgraded Chorus Aviation from a “buy” rating to a “hold” rating and cut their price target for the stock from C$3.15 to C$2.50 in a research note on Wednesday, February 28th.

Chorus Aviation Stock Performance

TSE CHR opened at C$2.30 on Thursday. The company has a current ratio of 0.79, a quick ratio of 0.53 and a debt-to-equity ratio of 137.10. The business’s 50 day moving average is C$2.09 and its two-hundred day moving average is C$2.27. The stock has a market capitalization of C$444.89 million, a price-to-earnings ratio of 6.97, a PEG ratio of 0.65 and a beta of 2.13. Chorus Aviation has a 12-month low of C$1.99 and a 12-month high of C$3.36.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The business had revenue of C$421.45 million during the quarter, compared to analysts’ expectations of C$430.00 million. Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. Research analysts expect that Chorus Aviation will post 0.2339499 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.