Chorus Aviation (TSE:CHR) Price Target Cut to C$26.00 by Analysts at Scotiabank

Chorus Aviation (TSE:CHR) had its price target reduced by stock analysts at Scotiabank from C$27.00 to C$26.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 19.87% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets lifted their price target on shares of Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. TD Securities lifted their target price on shares of Chorus Aviation from C$30.00 to C$31.00 in a research note on Monday, November 10th. Royal Bank Of Canada set a C$31.00 price target on shares of Chorus Aviation and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, CIBC lowered their price objective on shares of Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$29.40.

Chorus Aviation Trading Down 1.0%

CHR traded down C$0.22 during trading on Wednesday, hitting C$21.69. 5,380 shares of the stock traded hands, compared to its average volume of 19,324. The firm has a market capitalization of C$507.87 million, a P/E ratio of -17.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.54. Chorus Aviation has a 12-month low of C$17.62 and a 12-month high of C$24.31. 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 50-day moving average of C$21.68 and a 200 day moving average of C$21.80.

Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, November 6th. The company reported C$0.60 earnings per share for the quarter. Chorus Aviation had a negative net margin of 7.57% and a negative return on equity of 11.70%. The company had revenue of C$323.57 million during the quarter. Equities research analysts anticipate that Chorus Aviation will post 0.3 EPS for the current year.

About Chorus Aviation

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. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.