Chorus Aviation (TSE:CHR) Sets New 12-Month High on Analyst Upgrade

Chorus Aviation Inc. (TSE:CHR) hit a new 52-week high on Tuesday after BMO Capital Markets raised their price target on the stock from C$26.25 to C$28.00. The company traded as high as C$24.31 and last traded at C$24.00, with a volume of 79336 shares. The stock had previously closed at C$23.06.

A number of other brokerages have also recently issued reports on CHR. Scotiabank raised their target price on Chorus Aviation from C$23.50 to C$24.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. TD Securities increased their price target on shares of Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday. Finally, CIBC reduced their price objective on shares of Chorus Aviation from C$33.00 to C$32.00 in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Chorus Aviation has a consensus rating of “Moderate Buy” and an average price target of C$28.40.

Chorus Aviation Stock Performance

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 company has a market cap of C$611.45 million, a price-to-earnings ratio of -19.83, a price-to-earnings-growth ratio of 0.65 and a beta of 1.56. The stock has a 50-day moving average price of C$22.03 and a 200 day moving average price of 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.