Chorus Aviation Price Target Increased by CIBC

Chorus Aviation (TSE:CHR - Get Free Report) has seen its price target increased from C$26.00 to C$28.00, according to a report from investment analysts at CIBC released on Friday. This new target suggests a potential upside of approximately 44.26% compared to the company's current stock price.

A variety of other equity research analysts have also released their assessments regarding Chorus Aviation. For instance, BMO Capital Markets raised their price target from C$3.00 to C$3.75 in a report dated November 29th. Additionally, TD Securities upgraded Chorus Aviation from a "hold" rating to a "buy" rating, adjusting their price objective for the firm from C$25.00 to C$27.00 in another report published on Friday. Overall, the stock has received three hold ratings and five buy ratings from investment analysts.

Recent Stock Activity

On Friday, the stock was up C$0.15, bringing its price to C$19.41. In total, 17,002 shares were traded, which is below the average volume of 55,982 shares. Over the past year, Chorus Aviation has seen a low of C$13.93 and a high of C$24.08. The company currently holds a market capitalization of C$527.18 million, a PE ratio of -32.04, and a beta of 2.14. It also has a current ratio of 1.13 and a quick ratio of 0.53, with a debt-to-equity ratio of 118.79.

Overview of Chorus Aviation

Chorus Aviation Inc, through its various subsidiaries, offers a range of aviation solutions. It operates under two main segments: Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment provides several services including contract flying, charter services, specialized flights (which encompass medical, logistical, and humanitarian operations), aircraft leasing, maintenance and repair services, parts sales, and pilot training.

Chorus, Aviation, CIBC