BMO Capital Markets Issues Positive Forecast for Chorus Aviation (TSE:CHR) Stock Price

Chorus Aviation (TSE:CHR) had its target price raised by BMO Capital Markets from C$3.00 to C$3.75 in a research report released on Friday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on CHR. Canaccord Genuity Group lifted their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. TD Securities lowered shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price target for the company. in a research note on Friday, November 8th. Royal Bank of Canada reduced their price objective on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research note on Friday, August 16th. National Bankshares upped their target price on shares of Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Finally, CIBC lifted their price target on Chorus Aviation from C$3.25 to C$3.80 in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Chorus Aviation has an average rating of “Moderate Buy” and an average price target of C$3.45.

Chorus Aviation Stock Up 1.5 %

Shares of TSE CHR opened at C$3.38 on Friday. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. Chorus Aviation has a 1 year low of C$1.99 and a 1 year high of C$3.43. The stock’s 50-day simple moving average is C$3.04 and its 200-day simple moving average is C$2.67. The firm has a market cap of C$645.95 million, a price-to-earnings ratio of 14.70, a PEG ratio of 0.65 and a beta of 2.14.

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.