Chorus Aviation (TSE:CHR) Reaches New 12-Month High – What’s Next?

Chorus Aviation Inc. (TSE:CHR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$3.30 and last traded at C$3.27, with a volume of 310369 shares changing hands. The stock had previously closed at C$3.17.

Analyst Ratings Changes

A number of research firms have issued reports on CHR. Cormark raised Chorus Aviation from a “market perform” rating to a “buy” rating and boosted their target price for the company from C$2.50 to C$4.05 in a research note on Wednesday, July 31st. CIBC upped their target price on Chorus Aviation from C$3.25 to C$3.80 in a report on Friday, November 8th. National Bankshares upped their price objective on Chorus Aviation from C$3.65 to C$3.85 in a research note on Thursday, August 15th. Royal Bank of Canada decreased their target price on Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research report on Friday, August 16th. Finally, TD Securities downgraded Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 price target on the stock. in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Chorus Aviation presently has a consensus rating of “Moderate Buy” and an average target price of C$3.37.

Chorus Aviation Price Performance

The firm has a market cap of C$628.75 million, a price-to-earnings ratio of 14.78, a P/E/G ratio of 0.65 and a beta of 2.14. The company has a debt-to-equity ratio of 60.07, a quick ratio of 0.53 and a current ratio of 1.45. The business has a 50 day simple moving average of C$2.89 and a 200-day simple moving average of C$2.58.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. The business had revenue of C$351.22 million during the quarter, compared to the consensus estimate of C$404.00 million. Equities research analysts expect that Chorus Aviation Inc. will post 0.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David Levenson bought 46,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of C$2.64 per share, with a total value of C$121,440.00. Insiders own 13.83% of the company’s stock.

About Chorus Aviation

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.