Chorus Aviation (TSE:CHR) Price Target Raised to C$32.00

Chorus Aviation (TSE:CHR) had its price objective lifted by research analysts at TD from C$31.00 to C$32.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price objective would indicate a potential upside of 34.68% from the stock’s previous close.

Several other brokerages also recently commented on CHR. Scotiabank upgraded Chorus Aviation from a “hold” rating to an “outperform” rating and raised their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, February 17th. Stifel Nicolaus raised their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. National Bank Financial reduced their target price on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce reduced their target price on Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their target price on Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$30.88.

Chorus Aviation Trading Down 2.7%

Shares of TSE:CHR traded down C$0.66 during mid-day trading on Tuesday, reaching C$23.76. 24,177 shares of the company’s stock were exchanged, compared to its average volume of 41,032. Chorus Aviation has a twelve month low of C$19.55 and a twelve month high of C$25.14. The business’s fifty day moving average price is C$23.08 and its 200-day moving average price is C$22.46. The firm has a market capitalization of C$546.05 million, a price-to-earnings ratio of 9.14, a PEG ratio of 0.65 and a beta of 1.60. The company has a debt-to-equity ratio of 76.81, a quick ratio of 0.53 and a current ratio of 1.38.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The business had revenue of C$325.42 million during the quarter. On average, research analysts predict 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.