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

Shares of Chorus Aviation Inc. (TSE:CHR) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$9.53.

Several research firms recently commented on CHR. TD Securities raised Chorus Aviation from a “hold” rating to a “buy” rating and raised their target price for the stock from C$25.00 to C$27.00 in a research note on Friday, February 21st. CIBC increased their price target on Chorus Aviation from C$26.00 to C$28.00 in a report on Friday, February 21st. Finally, BMO Capital Markets lifted their price objective on shares of Chorus Aviation from C$3.00 to C$3.75 in a research note on Friday, November 29th.

Chorus Aviation Stock Performance

Shares of Chorus Aviation stock opened at C$20.77 on Wednesday. The business has a 50-day moving average price of C$8.66 and a two-hundred day moving average price of C$4.92. Chorus Aviation has a 1-year low of C$13.93 and a 1-year high of C$24.08. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The company has a market cap of C$564.12 million, a P/E ratio of -34.29, a PEG ratio of 0.65 and a beta of 2.14.

Insider Activity

In other Chorus Aviation news, Senior Officer Colin Copp bought 4,980 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of C$20.12 per share, for a total transaction of C$100,197.60. 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.