Chorus Aviation (TSE:CHR) Upgraded to “Sector Perform” at Scotiabank

Scotiabank upgraded shares of Chorus Aviation (TSE:CHR) from an underperform rating to a sector perform rating in a report released on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Chorus Aviation from C$6.00 to C$4.50 and set an outperform rating for the company in a report on Tuesday. TD Securities decreased their target price on shares of Chorus Aviation from C$6.50 to C$6.00 and set a buy rating on the stock in a research note on Tuesday, April 7th. CIBC decreased their target price on shares of Chorus Aviation from C$9.00 to C$4.25 in a research note on Wednesday, April 8th. Finally, National Bank Financial decreased their target price on shares of Chorus Aviation from C$4.15 to C$3.25 and set a sector perform rating on the stock in a research note on Monday, May 18th.

Shares of CHR opened at C$2.78 on Tuesday. The firm has a market cap of $456.65 million and a price-to-earnings ratio of 3.31. The company has a debt-to-equity ratio of 304.04, a quick ratio of 0.45 and a current ratio of 0.63. Chorus Aviation has a fifty-two week low of C$1.80 and a fifty-two week high of C$8.45. The firm has a 50 day moving average price of C$2.92 and a 200-day moving average price of C$6.14.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

Featured Article: How to Invest in the Dividend Aristocrat Index

Receive News & Ratings for Chorus Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chorus Aviation and related companies with MarketBeat.com's FREE daily email newsletter.