Canaccord Genuity Group Raises Chorus Aviation (TSE:CHR) Price Target to C$3.10

Chorus Aviation (TSE:CHR) had its price target increased by Canaccord Genuity Group from C$2.50 to C$3.10 in a research note issued to investors on Wednesday, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. Scotiabank boosted their target price on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Cormark raised shares of Chorus Aviation from a “market perform” rating to a “buy” rating and boosted their price objective for the company from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. Royal Bank of Canada dropped their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, August 16th. National Bankshares boosted their price target on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Finally, TD Securities increased their price target on shares of Chorus Aviation from C$3.25 to C$3.50 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Chorus Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.31.

Chorus Aviation Trading Up 0.7 %

Shares of CHR opened at C$3.02 on Wednesday. The stock has a market capitalization of C$577.15 million, a P/E ratio of 13.13, a PEG ratio of 0.65 and a beta of 2.14. Chorus Aviation has a twelve month low of C$1.99 and a twelve month high of C$3.25. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. The firm has a fifty day simple moving average of C$2.76 and a two-hundred day simple moving average of C$2.49.

Chorus Aviation (TSE:CHR) last posted its earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. The company had revenue of C$351.22 million for the quarter, compared to analysts’ expectations of C$404.00 million. On average, research analysts anticipate that Chorus Aviation will post 0.3 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Levenson acquired 46,000 shares of Chorus Aviation stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of C$2.64 per share, with a total value of C$121,440.00. Corporate insiders own 13.83% of the company’s stock.

About Chorus Aviation

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.