Chorus Aviation (TSE:CHR) Hits New 52-Week High – Time to Buy?

Chorus Aviation Inc. (TSE:CHR)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$3.28 and last traded at C$3.27, with a volume of 218162 shares trading hands. The stock had previously closed at C$3.18.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CHR shares. Scotiabank upped their price target on shares of Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and lifted their price target for the company from C$2.50 to C$4.05 in a research note on Wednesday, July 31st. Canaccord Genuity Group raised their price target on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada cut their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research report on Friday, August 16th. Finally, National Bankshares raised their target price on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$3.31.

Chorus Aviation Price Performance

The business has a 50-day moving average price of C$2.84 and a two-hundred day moving average price of C$2.54. The company has a quick ratio of 0.53, a current ratio of 1.45 and a debt-to-equity ratio of 60.07. The company has a market capitalization of C$615.37 million, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$0.08 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. The firm had revenue of C$351.22 million for the quarter, compared to analyst estimates of C$404.00 million. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. As a group, research analysts anticipate that Chorus Aviation Inc. will post 0.3 EPS for the current year.

Insider Transactions at Chorus Aviation

In other Chorus Aviation news, Director David Levenson bought 46,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of C$2.64 per share, for a total transaction of C$121,440.00. Company insiders own 13.83% of the company’s stock.

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.