Chorus Aviation (TSE:CHR) Price Target Raised to C$35.00

Key Points

• TD raised Chorus Aviation’s price target from C$34.00 to C$35.00 and maintained a “buy” rating, implying 15.02% potential upside from the prior close.
• Analyst sentiment remains positive: eight analysts rate the stock “Buy,” with an average target price of C$33.28. Recent targets range from C$32.00 to C$39.00.
• Chorus shares traded at C$30.43, near their 52-week high of C$31.20, while the company reported C$0.83 quarterly EPS and C$349.42 million in revenue.

Chorus Aviation (TSE:CHR - Get Free Report) had its price objective lifted by investment analysts at TD from C$34.00 to C$35.00 in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's target price indicates a potential upside of 15.02% from the company's previous close.

A number of other research analysts have also recently commented on CHR. BMO Capital Markets increased their target price on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Scotia boosted their target price on shares of 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. Scotiabank boosted their target price on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 15th. Royal Bank Of Canada upped their price target on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus increased their price target on Chorus Aviation from C$32.00 to C$33.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating. According to MarketBeat, Chorus Aviation presently has an average rating of "Buy" and an average target price of C$33.28.

Chorus Aviation Stock Performance

CHR traded up C$0.40 during trading hours on Tuesday, reaching C$30.43. The company's stock had a trading volume of 45,349 shares, compared to its average volume of 43,602. The company's 50-day moving average is C$29.15 and its 200-day moving average is C$25.06. Chorus Aviation has a 52 week low of C$20.80 and a 52 week high of C$31.20. The firm has a market cap of C$686.81 million, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97.

Chorus Aviation (TSE:CHR - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The business had revenue of C$349.42 million for the quarter. On average, equities analysts forecast that Chorus Aviation will post 0.30 EPS 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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