Chorus Aviation (TSE:CHR) had its price target boosted by equities researchers at Scotiabank from C$10.50 to C$11.00 in a note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 33.82% from the company’s previous close.
Separately, CIBC raised their price objective on Chorus Aviation from C$10.50 to C$11.00 in a research note on Thursday, January 4th. Six investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of C$10.04.
Chorus Aviation (CHR) traded down C$0.16 on Wednesday, hitting C$8.22. The stock had a trading volume of 453,723 shares, compared to its average volume of 463,757. The company has a market cap of $1,050.00, a price-to-earnings ratio of 6.27 and a beta of 0.68. Chorus Aviation has a 1-year low of C$7.13 and a 1-year high of C$9.86.
Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.05). The company had revenue of C$356.56 million for the quarter, compared to the consensus estimate of C$348.50 million. Chorus Aviation had a return on equity of 38.57% and a net margin of 4.02%.
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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 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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