Chorus Aviation (TSE:CHR) Stock Rating Lowered by TD Securities

Chorus Aviation (TSE:CHR) was downgraded by equities research analysts at TD Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They currently have a C$3.50 target price on the stock. TD Securities’ price target would suggest a potential upside of 11.82% from the stock’s current price.

A number of other brokerages have also commented on CHR. Scotiabank upped their target price on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Canaccord Genuity Group lifted their target price on shares of Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada dropped their price target on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating for the company in a research report on Friday, August 16th. CIBC decreased their price objective on Chorus Aviation from C$3.50 to C$3.25 in a report on Thursday, August 15th. Finally, National Bankshares increased their target price on Chorus Aviation from C$3.65 to C$3.85 in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$3.37.

Chorus Aviation Stock Performance

Shares of TSE CHR traded down C$0.03 during trading hours on Friday, hitting C$3.13. 229,160 shares of the company’s stock were exchanged, compared to its average volume of 369,507. The stock has a market capitalization of C$598.17 million, a price-to-earnings ratio of 13.61, a PEG ratio of 0.65 and a beta of 2.14. The company’s 50-day moving average price is C$2.85 and its 200-day moving average price is C$2.55. The company has a debt-to-equity ratio of 60.07, a current ratio of 1.45 and a quick ratio of 0.53. Chorus Aviation has a 1-year low of C$1.99 and a 1-year high of C$3.29.

Chorus Aviation (TSE:CHR) last released its earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a negative net margin of 6.95% and a positive return on equity of 7.10%. The firm had revenue of C$351.22 million during the quarter, compared to analysts’ expectations of C$404.00 million. On average, sell-side analysts expect that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Insider Transactions at Chorus Aviation

In other Chorus Aviation news, Director David Levenson acquired 144,600 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average price of C$2.61 per share, for a total transaction of C$377,406.00. 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.