Chorus Aviation (TSE:CHR) Stock Rating Upgraded by Cormark

Cormark upgraded shares of Chorus Aviation (TSE:CHR) from a market perform rating to a buy rating in a research note released on Wednesday, BayStreet.CA reports. Cormark currently has C$4.05 price objective on the stock, up from their previous price objective of C$2.50. Cormark also issued estimates for Chorus Aviation’s FY2024 earnings at $0.25 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.08 EPS and FY2026 earnings at $0.31 EPS.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada set a C$3.50 price objective on Chorus Aviation and gave the stock an outperform rating in a research report on Thursday, April 4th. Scotiabank raised their price objective on Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday. CIBC decreased their price objective on Chorus Aviation from C$3.75 to C$3.25 and set an outperform rating for the company in a research report on Wednesday, May 8th. Finally, Canaccord Genuity Group decreased their price objective on Chorus Aviation from C$2.60 to C$2.50 and set a hold rating for the company in a research report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Chorus Aviation has a consensus rating of Moderate Buy and a consensus target price of C$3.27.

Chorus Aviation Trading Down 3.7 %

TSE:CHR opened at C$2.62 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 124.08. Chorus Aviation has a 1-year low of C$1.99 and a 1-year high of C$3.25. The firm has a market capitalization of C$504.40 million, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.65 and a beta of 2.11. The stock has a fifty day simple moving average of C$2.44 and a 200 day simple moving average of C$2.30.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.05 by C$0.01. Chorus Aviation had a return on equity of 6.69% and a net margin of 4.65%. The business had revenue of C$426.18 million during the quarter, compared to analyst estimates of C$416.00 million. Sell-side analysts forecast that Chorus Aviation will post 0.2148438 earnings per share for the current year.

Chorus Aviation Company Profile

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.