Chorus Aviation (TSE:CHR) Upgraded by Scotiabank to “Outperform” Rating

Chorus Aviation (TSE:CHR) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a C$30.00 target price on the stock, up from their previous target price of C$26.00. Scotiabank’s price objective indicates a potential upside of 34.41% from the company’s current price.

CHR has been the subject of several other research reports. BMO Capital Markets boosted their price objective on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$31.00 target price on shares of Chorus Aviation and gave the stock an “outperform” rating in a report on Tuesday, November 25th. National Bank Financial cut their price target 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. Canadian Imperial Bank of Commerce decreased their price target on Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. Finally, Stifel Nicolaus boosted their price target on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$30.14.

Chorus Aviation Stock Up 3.8%

CHR traded up C$0.82 during midday trading on Tuesday, hitting C$22.32. The company had a trading volume of 59,464 shares, compared to its average volume of 33,841. The stock’s 50 day moving average price is C$21.54 and its 200 day moving average price is C$21.66. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$24.31. The company has a market capitalization of C$522.62 million, a price-to-earnings ratio of 7.42, a PEG ratio of 0.65 and a beta of 1.46. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79.

Chorus Aviation (TSE:CHR) last issued its earnings results 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 company had revenue of C$320.19 million during the quarter. On average, research analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Company Profile

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.