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

Chorus Aviation (TSE:CHR) had its price target lowered 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 objective would suggest a potential upside of 42.92% from the stock’s current price.

CHR has been the topic of several other reports. TD Securities raised their price objective on shares of Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. BMO Capital Markets increased their target price on shares of Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada set a C$31.00 price objective on Chorus Aviation and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$29.40.

Chorus Aviation Stock Performance

Shares of CHR stock traded down C$0.22 during mid-day trading on Wednesday, hitting C$21.69. 5,380 shares of the stock were exchanged, compared to its average volume of 19,324. The stock’s fifty day simple moving average is C$21.68 and its two-hundred day simple moving average is C$21.80. 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 12-month low of C$17.62 and a 12-month high of C$24.31. The stock has a market capitalization of C$507.87 million, a price-to-earnings ratio of -17.93, a P/E/G ratio of 0.65 and a beta of 1.54.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, November 6th. The company reported C$0.60 earnings per share (EPS) for the quarter. The firm 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%. On average, analysts forecast that Chorus Aviation will post 0.3 EPS for the current year.

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. 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.