Chorus Aviation (TSE:CHR) Price Target Lowered to C$3.50 at TD Securities

Chorus Aviation (TSE:CHR) had its price target trimmed by TD Securities from C$3.75 to C$3.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently issued reports on CHR. Cormark upgraded Chorus Aviation from a market perform rating to a buy rating and increased their price objective for the stock from C$2.50 to C$4.05 in a report on Wednesday. CIBC decreased their price objective on Chorus Aviation from C$3.75 to C$3.25 and set an outperform rating for the company in a report on Wednesday, May 8th. Scotiabank increased their target price on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday. Royal Bank of Canada set a C$3.50 target price on Chorus Aviation and gave the stock an outperform rating in a research note on Thursday, April 4th. Finally, Canaccord Genuity Group cut their target price on Chorus Aviation from C$2.60 to C$2.50 and set a hold rating on the stock in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Chorus Aviation has an average rating of Moderate Buy and a consensus price target of C$3.27.

Chorus Aviation Price Performance

Shares of Chorus Aviation stock opened at C$2.62 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 124.08. The company has a market cap of C$504.40 million, a PE ratio of 11.91, a P/E/G ratio of 0.65 and a beta of 2.11. The business has a 50 day moving average of C$2.44 and a 200 day moving average of C$2.30. Chorus Aviation has a 52 week low of C$1.99 and a 52 week high of C$3.25.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.01. The business had revenue of C$426.18 million during the quarter, compared to the consensus estimate of C$416.00 million. Chorus Aviation had a return on equity of 6.69% and a net margin of 4.65%. As a group, equities research analysts forecast that Chorus Aviation will post 0.2148438 earnings per share 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.