Chorus Aviation (TSE:CHR) Lowered to “Sector Perform” at Scotiabank

Scotiabank downgraded shares of Chorus Aviation (TSE:CHR – Get Rating) from an outperform rating to a sector perform rating in a research note released on Monday morning, BayStreet.CA reports. Scotiabank currently has C$4.40 price objective on the stock, up from their previous price objective of C$4.00.

Several other research analysts have also commented on CHR. CIBC decreased their price objective on shares of Chorus Aviation from C$4.75 to C$4.00 in a report on Friday, October 7th. BMO Capital Markets lowered their price objective on shares of Chorus Aviation from C$6.00 to C$5.35 in a report on Friday, December 2nd. Cormark reduced their target price on Chorus Aviation from C$5.25 to C$4.75 in a report on Friday, November 11th. National Bankshares lowered their target price on Chorus Aviation from C$5.00 to C$4.80 and set an outperform rating for the company in a research note on Tuesday, November 15th. Finally, Royal Bank of Canada reduced their price target on Chorus Aviation from C$4.50 to C$4.00 in a research note on Monday, October 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$4.79.

Chorus Aviation Stock Performance

Chorus Aviation stock opened at C$3.57 on Monday. Chorus Aviation has a 1-year low of C$2.24 and a 1-year high of C$4.54. The firm has a market cap of C$724.89 million and a P/E ratio of 357.00. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 177.66. The firm has a 50-day moving average of C$3.34 and a 200-day moving average of C$2.99.

Chorus Aviation (TSE:CHR – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported C$0.15 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.12 by C$0.03. The business had revenue of C$421.33 million during the quarter, compared to the consensus estimate of C$409.00 million. Sell-side analysts expect that Chorus Aviation will post 0.541433 EPS for the current year.

About Chorus Aviation

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Chorus Aviation Inc, through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.