Chorus Aviation (TSE:CHR) PT Lowered to C$3.25

Chorus Aviation (TSE:CHR) had its price objective decreased by CIBC from C$3.75 to C$3.25 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 41.92% from the company’s previous close.

CHR has been the subject of several other reports. Deutsche Bank Aktiengesellschaft lowered Chorus Aviation from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$3.15 to C$2.50 in a report on Wednesday, February 28th. Scotiabank decreased their target price on Chorus Aviation from C$3.30 to C$3.00 and set a “sector perform” rating for the company in a research note on Monday, February 26th. Canaccord Genuity Group decreased their target price on Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a research note on Wednesday. BMO Capital Markets decreased their target price on Chorus Aviation from C$4.15 to C$3.00 in a research note on Monday, March 4th. Finally, Cormark downgraded Chorus Aviation from a “buy” rating to a “market perform” rating and decreased their target price for the company from C$3.25 to C$2.50 in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$3.06.

Chorus Aviation Stock Down 0.4 %

Shares of TSE CHR opened at C$2.29 on Wednesday. The company has a debt-to-equity ratio of 137.10, a quick ratio of 0.53 and a current ratio of 0.79. The firm has a market cap of C$442.95 million, a price-to-earnings ratio of 6.94, a PEG ratio of 0.65 and a beta of 2.13. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.36. The stock’s 50-day simple moving average is C$2.09 and its 200-day simple moving average is C$2.27.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The firm had revenue of C$421.45 million during the quarter, compared to the consensus estimate of C$430.00 million. Chorus Aviation had a net margin of 6.03% and a return on equity of 8.33%. As a group, equities analysts anticipate that Chorus Aviation will post 0.2339499 earnings per share for the current fiscal 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.