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

Shares of Chorus Aviation Inc. (TSE:CHR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$9.53.

CHR has been the subject of a number of recent research reports. CIBC increased their price objective on Chorus Aviation from C$26.00 to C$28.00 in a research report on Friday, February 21st. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and increased their price target for the company from C$25.00 to C$27.00 in a research report on Friday, February 21st.

Chorus Aviation Stock Down 3.6 %

CHR stock opened at C$18.70 on Friday. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The firm has a market cap of C$507.90 million, a PE ratio of -30.87, a P/E/G ratio of 0.65 and a beta of 2.14. Chorus Aviation has a 12 month low of C$14.00 and a 12 month high of C$24.08. The firm has a 50 day simple moving average of C$16.60 and a 200 day simple moving average of C$7.77.

Insider Activity at Chorus Aviation

In other news, Senior Officer Colin Copp acquired 4,980 shares of Chorus Aviation stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of C$20.12 per share, with a total value of C$100,197.60. 13.83% of the stock is owned by insiders.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.