Chorus Aviation (TSE:CHR) Reaches New 1-Year High – What’s Next?

Chorus Aviation Inc. (TSE:CHR) hit a new 52-week high during trading on Thursday . The company traded as high as C$3.28 and last traded at C$3.27, with a volume of 218162 shares trading hands. The stock had previously closed at C$3.18.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CHR. National Bankshares upped their price target on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. TD Securities lifted their price objective on Chorus Aviation from C$3.25 to C$3.50 and gave the stock a “buy” rating in a report on Thursday, October 17th. CIBC reduced their price target on shares of Chorus Aviation from C$3.50 to C$3.25 in a research report on Thursday, August 15th. Canaccord Genuity Group boosted their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their price target 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$3.31.

Chorus Aviation Trading Up 1.3 %

The stock’s fifty day moving average is C$2.84 and its 200 day moving average is C$2.54. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. The stock has a market cap of C$615.37 million, a P/E ratio of 13.61, a P/E/G ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.02. The company had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. As a group, equities research analysts predict that Chorus Aviation Inc. will post 0.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chorus Aviation news, Director David Levenson purchased 144,600 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of C$2.61 per share, with a total value of C$377,406.00. 13.83% of the stock is currently owned by corporate insiders.

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.