Chorus Aviation (TSE:CHR) Price Target Raised to C$30.00

Key Points

• CIBC has raised its price target for Chorus Aviation from C$29.00 to C$30.00, indicating a potential upside of 43.82% based on the company's previous close.
• Other firms, including Scotiabank and TD Securities, have also increased their price targets, consolidating Chorus Aviation's market position with a consensus rating of "Moderate Buy."
• The company's stock experienced a slight decline, trading at C$20.86, with a 12-month high of C$24.08 and a market cap of C$566.56 million.

Chorus Aviation (TSE:CHR - Get Free Report) had its price objective upped by equities researchers at CIBC from C$29.00 to C$30.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. CIBC's price target points to a potential upside of 43.82% from the company's previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank upped their price objective on Chorus Aviation from C$23.50 to C$24.00 and gave the company a "sector perform" rating in a research report on Thursday. TD Securities raised their price target on Chorus Aviation from C$27.00 to C$29.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Chorus Aviation from C$25.00 to C$27.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Chorus Aviation currently has a consensus rating of "Moderate Buy" and a consensus target price of C$17.24.

Chorus Aviation Price Performance

Chorus Aviation stock traded down C$0.60 during mid-day trading on Thursday, reaching C$20.86. 87,343 shares of the company's stock traded hands, compared to its average volume of 50,068. Chorus Aviation has a 12-month low of C$16.87 and a 12-month high of C$24.08. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The stock has a 50 day moving average of C$21.77 and a two-hundred day moving average of C$18.62. The company has a market cap of C$566.56 million, a price-to-earnings ratio of -34.44, a PEG ratio of 0.65 and a beta of 2.14.

About Chorus Aviation

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.

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