Chorus Aviation (TSE:CHR) Given New C$32.00 Price Target at CIBC

Chorus Aviation (TSE:CHR) had its price objective cut by CIBC from C$33.00 to C$32.00 in a research note published on Monday morning,BayStreet.CA reports.

A number of other brokerages have also weighed in on CHR. Scotiabank increased their price target on Chorus Aviation from C$23.50 to C$24.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. TD Securities upped their target price on Chorus Aviation from C$30.00 to C$31.00 in a research note on Monday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Chorus Aviation has an average rating of “Moderate Buy” and a consensus target price of C$28.40.

Chorus Aviation Stock Down 1.2%

Shares of TSE CHR opened at C$23.06 on Monday. The firm has a market cap of C$587.50 million, a P/E ratio of -19.06, a price-to-earnings-growth ratio of 0.65 and a beta of 1.56. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. Chorus Aviation has a 1 year low of C$17.62 and a 1 year high of C$24.08. The firm’s 50 day moving average price is C$22.03 and its 200 day moving average price is C$21.33.

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.