Chorus Aviation Price Target Raised to C$28.00

Chorus Aviation Inc. (TSE:CHR) has received positive updates from analysts regarding its stock price. CIBC has increased the price target for Chorus Aviation from C$26.00 to C$28.00, as reported on Friday morning.

In addition to CIBC's adjustments, other investment analysts have also revised their forecasts for the airline company. TD Securities has upgraded Chorus Aviation's rating from "hold" to "buy," increasing their price target from C$25.00 to C$27.00 in the same report. Furthermore, BMO Capital Markets raised their price target from C$3.00 to C$3.75 in their research note dated November 29th.

Currently, the stock has mixed reviews from analysts, with three reporting a "hold" rating and five giving it a "buy" rating. According to data obtained from MarketBeat, the consensus among analysts suggests a "Moderate Buy" rating with an average target price set at C$8.75.

Chorus Aviation Performance Summary

On the trading day following these reports, shares of Chorus Aviation opened at C$19.56. The company possesses a current ratio of 1.13, a quick ratio of 0.53, and a high debt-to-equity ratio of 118.79. Notably, the stock’s fifty-day simple moving average is C$6.24, while its two-hundred-day simple moving average stands at C$4.08. Over the past year, shares have reached a low of C$13.93 and a high of C$24.08. Presently, Chorus Aviation has a market capitalization of approximately C$531.26 million, with a price-to-earnings (PE) ratio of -32.29 and a price-to-earnings-growth (PEG) ratio of 0.65. Additionally, the stock has a beta of 2.14, indicating significant volatility compared to the market.

About Chorus Aviation

Chorus Aviation Inc. is an organization that provides various aviation-related services through its subsidiaries. The business is divided into two main segments: Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment is responsible for offering contract flying services, charter flights, specialized operation such as medical, logistical, and humanitarian flights, as well as aircraft leasing, maintenance, repair, and overhaul services, parts sales, technical services, and pilot training.

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