CIBC Lowers Chorus Aviation (TSE:CHR) Price Target to C$31.00

Chorus Aviation (TSE:CHR) had its target price cut by stock analysts at CIBC from C$32.00 to C$31.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 42.92% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. TD Securities upped 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 Chorus Aviation and gave the company an “outperform” rating in a research report on Tuesday, November 25th. Finally, BMO Capital Markets increased their target price on shares of Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Chorus Aviation has an average rating of “Moderate Buy” and a consensus price target of C$29.40.

Chorus Aviation Stock Down 1.0%

Shares of TSE CHR traded down C$0.22 during midday trading on Wednesday, reaching C$21.69. 5,380 shares of the company’s stock were exchanged, compared to its average volume of 19,324. The business’s fifty day moving average price is C$21.68 and its two-hundred day moving average price is C$21.80. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.31. The stock has a market capitalization of C$507.87 million, a PE ratio of -17.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.54. 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 (TSE:CHR) last released its earnings results on Thursday, November 6th. The company reported C$0.60 EPS for the quarter. The company had revenue of C$323.57 million during the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%. Analysts forecast that Chorus Aviation will post 0.3 EPS for the current year.

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. 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.