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

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

Other analysts have also issued research reports about the stock. Stifel Nicolaus increased 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 research report on Tuesday, February 17th. Scotiabank upgraded shares of 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 report on Tuesday, February 17th. Canadian Imperial Bank of Commerce cut their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. National Bank Financial cut their target price on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised their target price on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$30.88.

Chorus Aviation Price Performance

Shares of TSE CHR traded down C$0.66 during trading hours on Tuesday, hitting C$23.76. 24,177 shares of the stock were exchanged, compared to its average volume of 41,032. The company has a debt-to-equity ratio of 76.81, a quick ratio of 0.53 and a current ratio of 1.38. The company has a market cap of C$546.05 million, a PE ratio of 9.14, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company’s fifty day simple moving average is C$23.08 and its two-hundred day simple moving average is C$22.46. Chorus Aviation has a 1-year low of C$19.55 and a 1-year high of C$25.14.

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