Chorus Aviation Price Target Increased by CIBC to C$28.00

Chorus Aviation (TSE:CHR) saw its price target raised from C$26.00 to C$28.00 by analysts at CIBC in a report released on Friday. This new target suggests a potential upside of approximately 44.26% based on the company's current trading price.

A few other analysts have also weighed in on Chorus Aviation. On November 29th, BMO Capital Markets raised their price target for the company's shares from C$3.00 to C$3.75. In another report, TD Securities improved their rating for Chorus Aviation from a "hold" to a "buy" and adjusted their price objective from C$25.00 to C$27.00. Currently, three investment analysts have a hold rating on the stock, while five have issued buy ratings. Data from MarketBeat shows that the stock has a consensus rating of "Moderate Buy" and a target price of C$8.75.

Chorus Aviation Stock Performance

On Friday, shares of Chorus Aviation traded up C$0.15, reaching a price of C$19.41. Approximately 17,002 shares were exchanged, compared to an average volume of 55,982. Over the past year, the stock has fluctuated between a low of C$13.93 and a high of C$24.08. The company's market capitalization stands at C$527.18 million, with a price-to-earnings (PE) ratio of -32.04 and a price-to-earnings growth (PEG) ratio of 0.65. The stock has a beta of 2.14, indicating higher volatility compared to the market. Its 50-day simple moving average is C$5.91, while the 200-day simple moving average is C$3.95. The current ratio for the company is 1.13, the quick ratio is 0.53, and the debt-to-equity ratio is 118.79.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, offers various aviation solutions. The company operates in two segments: Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment provides contract flying services, charter services, and specialized flying services, including medical, logistical, and humanitarian flights. Additionally, they offer aircraft leasing, maintenance, repair and overhaul services, parts sales, technical services, and pilot training.

Chorus, Aviation, CIBC