Chorus Aviation (TSE:CHR) Given New C$45.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its Chorus Aviation price target to C$45 from C$33 and maintained a “buy” rating, implying 22.28% upside from the current share price.
• Analyst sentiment is broadly positive: seven analysts rate the stock “Buy,” with a consensus target of C$37.06. RBC also raised its target to C$42 and rated the shares “outperform.”
• Chorus shares rose 3.2% to C$36.80 on Wednesday, near their one-year high of C$36.89.

Chorus Aviation (TSE:CHR - Get Free Report) had its price objective upped by analysts at Stifel Nicolaus from C$33.00 to C$45.00 in a report issued on Wednesday, BayStreet reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus's price objective suggests a potential upside of 22.28% from the stock's current price.

CHR has been the subject of a number of other research reports. Royal Bank Of Canada lifted their target price on shares of Chorus Aviation from C$39.00 to C$42.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD increased their price target on Chorus Aviation from C$34.00 to C$35.00 and gave the stock a "buy" rating in a report on Tuesday, October 27th. Scotia lifted 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 report on Thursday, August 6th. Scotiabank upped their target price on 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. 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 research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$37.06.

Chorus Aviation Trading Up 3.2%

TSE:CHR traded up C$1.15 on Wednesday, reaching C$36.80. 424,462 shares of the stock traded hands, compared to its average volume of 48,587. The firm has a market capitalization of C$830.58 million, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company's 50 day moving average is C$29.70 and its 200-day moving average is C$25.60. 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 has a 1-year low of C$20.80 and a 1-year high of C$36.89.

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

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