Chorus Aviation Price Target Increased by CIBC

Chorus Aviation (TSE:CHR) recently saw its price target adjusted by investment analysts at CIBC, who increased it from C$26.00 to C$28.00. This update was reported in a research document released on Friday. The new target suggests a potential upside of approximately 44.26% from the stock's current price.

Several other research firms have also provided updates on Chorus Aviation shares. Notably, BMO Capital Markets revised their price target from C$3.00 to C$3.75 on November 29. Additionally, TD Securities changed their rating from "hold" to "buy" and raised their price target from C$25.00 to C$27.00. Among analysts covering the stock, three have assigned a hold rating, while five have given it a buy rating. MarketBeat data shows that the consensus rating for Chorus Aviation is "Moderate Buy," with an average target price of C$8.75.

Chorus Aviation Stock Overview

On Friday, shares of Chorus Aviation increased by C$0.15, bringing the stock price to C$19.41. A total of 17,002 shares changed hands, which is below the average trading 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 PE ratio of -32.04 and a PEG ratio of 0.65. The stock has a beta value of 2.14, indicating higher volatility compared to the market. Chorus Aviation's 50-day simple moving average is C$5.91, while the two-hundred day simple moving average sits at C$3.95. Additionally, the company reports a current ratio of 1.13, a quick ratio of 0.53, and a debt-to-equity ratio of 118.79.

About Chorus Aviation

Chorus Aviation Inc. operates through its subsidiaries, providing a variety of aviation solutions. The company is structured into two main segments: Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment offers contract flying services, charter flights, as well as specialized services such as medical, logistical, and humanitarian flights. In addition, it provides aircraft leasing, maintenance, repair, overhaul services, part sales, technical services, and pilot training.

Investing Consideration

Before making an investment decision regarding Chorus Aviation, it is essential to consider insights from market analysts. While the company currently maintains a “Moderate Buy” rating, analysis suggests that there may be better investment opportunities available. At present, Chorus Aviation is not featured among the top recommendations identified by several leading research analysts.

Chorus, Aviation, CIBC