Chorus Aviation (TSE:CHR - Free Report) had its target price trimmed by Royal Bank of Canada from C$28.00 to C$25.00 in a research report released on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other research analysts also recently commented on CHR. TD Securities upgraded shares of Chorus Aviation from a "hold" rating to a "buy" rating and boosted their price objective for the company from C$25.00 to C$27.00 in a research report on Friday, February 21st. CIBC boosted their target price on Chorus Aviation from C$26.00 to C$28.00 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$12.25.
View Our Latest Report on CHR
Chorus Aviation Price Performance
Shares of CHR stock traded down C$0.38 during trading on Wednesday, hitting C$18.22. The company had a trading volume of 29,143 shares, compared to its average volume of 57,869. The firm has a market capitalization of C$494.86 million, a P/E ratio of -30.08, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. Chorus Aviation has a one year low of C$14.14 and a one year high of C$24.08. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The stock's 50-day moving average price is C$19.70 and its 200 day moving average price is C$9.05.
Insider Buying and Selling
In other Chorus Aviation news, Senior Officer Colin Copp acquired 4,980 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of C$20.12 per share, for a total transaction of C$100,197.60. 13.83% of the stock is currently owned by insiders.
About Chorus Aviation
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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.
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