Chorus Aviation (TSE:CHR) Given New C$42.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its Chorus Aviation price target to C$42 from C$39 and maintained an “outperform” rating, implying 14.13% upside from the previous close.
• Analyst sentiment is broadly positive: seven analysts rate the stock Buy, and the consensus price target is C$37.06.
• Chorus shares rose C$1.15 to C$36.80 on Wednesday, near their 52-week high of C$36.89.

Chorus Aviation (TSE:CHR - Get Free Report) had its price objective lifted by analysts at Royal Bank Of Canada from C$39.00 to C$42.00 in a research note issued on Wednesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's target price suggests a potential upside of 14.13% from the company's previous close.

A number of other analysts have also recently commented on CHR. TD upped their target price on shares of Chorus Aviation from C$34.00 to C$35.00 and gave the company a "buy" rating in a report on Tuesday, October 27th. Stifel Nicolaus lifted their price target on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Scotiabank boosted their price objective on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the company a "sector outperform" rating in a research report on Thursday, October 15th. Scotia upped their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a "sector outperform" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets raised their target price on Chorus Aviation from C$28.00 to C$32.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Chorus Aviation currently has an average rating of "Buy" and a consensus price target of C$37.06.

Chorus Aviation Stock Performance

CHR stock traded up C$1.15 during trading on Wednesday, reaching C$36.80. The stock had a trading volume of 424,462 shares, compared to its average volume of 48,587. The stock's 50 day moving average is C$29.70 and its two-hundred day moving average is C$25.60. The firm has a market cap of C$830.58 million, a PE ratio of 18.59, a PEG ratio of 0.65 and a beta of 1.26. Chorus Aviation has a 52 week low of C$20.80 and a 52 week high of C$36.89. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84.

Chorus Aviation (TSE:CHR - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The company reported C$0.68 earnings per share for the quarter. The firm had revenue of C$346.13 million for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. As a group, equities analysts anticipate that Chorus Aviation will post 0.30 earnings per share for the current 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.

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