Chorus Aviation (TSE:CHR) Stock Price Expected to Rise, CIBC Analyst Says

Chorus Aviation (TSE:CHR) had its target price hoisted by investment analysts at CIBC from C$28.00 to C$29.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price target indicates a potential upside of 49.25% from the stock’s previous close.

CHR has been the topic of several other research reports. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and increased their target price for the stock from C$25.00 to C$27.00 in a research report on Friday, February 21st. Royal Bank of Canada dropped their price objective on Chorus Aviation from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.88.

Chorus Aviation Price Performance

Shares of TSE:CHR opened at C$19.43 on Thursday. The firm has a market capitalization of C$527.73 million, a PE ratio of -32.08, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The company has a 50-day moving average price of C$19.42 and a two-hundred day moving average price of C$10.66. Chorus Aviation has a twelve month low of C$14.63 and a twelve month high of C$24.08.

Insider Activity

In other news, Senior Officer Colin Copp acquired 4,980 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost 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.

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.