Royal Bank Of Canada Issues Positive Forecast for Chorus Aviation (TSE:CHR) Stock Price

Chorus Aviation (TSE:CHR) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$35.00 to C$39.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 39.73% from the company’s previous close.

Several other equities analysts have also issued reports on CHR. Scotia boosted their target price on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a report on Thursday. Stifel Nicolaus lifted their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, TD boosted their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$32.39.

Chorus Aviation Trading Up 3.4%

Chorus Aviation stock traded up C$0.91 during mid-day trading on Thursday, hitting C$27.91. 127,075 shares of the stock were exchanged, compared to its average volume of 37,654. The stock has a market capitalization of C$641.43 million, a price-to-earnings ratio of 10.73, a PEG ratio of 0.65 and a beta of 1.77. Chorus Aviation has a 12 month low of C$19.56 and a 12 month high of C$27.91. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. The firm’s fifty day simple moving average is C$24.55 and its two-hundred day simple moving average is C$23.51.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The company had revenue of C$349.42 million for the quarter. Analysts forecast that Chorus Aviation will post 0.3 EPS for the current 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.