Chorus Aviation (TSE:CHR) Stock Gets Price Target Boost from National Bank Financial

Key Points

• National Bank Financial raised its price target on Chorus Aviation from C$29 to C$41 and maintained an “outperform” rating, implying 11.41% upside from the share price at the time.
• Analyst sentiment is broadly positive: seven analysts rate the stock a Buy, with a consensus target of C$37.06; Royal Bank of Canada set the highest cited target at C$42.
• Chorus shares rose 3.2% to C$36.80 on Wednesday. The company reported quarterly earnings of C$0.68 per share and revenue of C$346.13 million.

Chorus Aviation (TSE:CHR - Get Free Report) had its target price upped by research analysts at National Bank Financial from C$29.00 to C$41.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has an "outperform" rating on the stock. National Bank Financial's target price suggests a potential upside of 11.41% from the company's current price.

Several other equities research analysts have also issued reports on the stock. TD increased their price objective on shares of Chorus Aviation from C$34.00 to C$35.00 and gave the stock a "buy" rating in a research report on Tuesday, October 27th. BMO Capital Markets upped their price target on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Royal Bank Of Canada increased their price target on Chorus Aviation from C$39.00 to C$42.00 and gave the company an "outperform" rating in a report on Wednesday. Scotia raised their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the company a "sector outperform" rating in a research report on Thursday, August 6th. Finally, Scotiabank raised their price objective 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. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of C$37.06.

Chorus Aviation Trading Up 3.2%

Shares of TSE:CHR traded up C$1.15 during trading on Wednesday, reaching C$36.80. 424,462 shares of the stock were exchanged, compared to its average volume of 48,587. The firm's 50-day moving average price is C$29.70 and its 200 day moving average price is C$25.60. The firm has a market cap 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. Chorus Aviation has a 12-month low of C$20.80 and a 12-month high of C$36.89. 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 posted its quarterly earnings results on Monday, November 9th. The company reported C$0.68 EPS 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%. On average, sell-side analysts anticipate that Chorus Aviation will post 0.30 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.

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