National Bank Financial Cuts Chorus Aviation (TSE:CHR) Price Target to C$28.00

Chorus Aviation (TSE:CHR) had its price objective decreased by investment analysts at National Bank Financial from C$29.00 to C$28.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 25.45% from the stock’s previous close.

Several other research firms have also issued reports on CHR. TD Securities raised their price target on shares of Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Stifel Nicolaus boosted their price target on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday. Canadian Imperial Bank of Commerce reduced their price objective on Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on Chorus Aviation from C$26.25 to C$28.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada set a C$31.00 target price on Chorus Aviation and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$30.14.

Chorus Aviation Stock Performance

TSE:CHR traded up C$0.82 during midday trading on Tuesday, reaching C$22.32. The stock had a trading volume of 59,464 shares, compared to its average volume of 33,841. The stock has a market capitalization of C$522.62 million, a P/E ratio of 7.42, a PEG ratio of 0.65 and a beta of 1.46. Chorus Aviation has a 1-year low of C$17.62 and a 1-year high of C$24.31. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The firm’s fifty day simple moving average is C$21.54 and its 200-day simple moving average is C$21.66.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The business had revenue of C$320.19 million for the quarter. On average, equities research analysts forecast that Chorus Aviation will post 0.3 EPS for the current fiscal year.

About Chorus Aviation

Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.