Chorus Aviation (TSE:CHR) Price Target Raised to C$32.00

Key Points

• BMO Capital Markets raised Chorus Aviation’s price target to C$32.00 from C$28.00 while maintaining an “outperform” rating, implying 14.65% upside from the previous close.
• Analyst sentiment remains positive: Scotia, RBC, TD and Stifel Nicolaus also increased their targets, while nine analysts rate the stock Buy. The consensus target is C$32.39.
• Chorus Aviation shares rose 3.4% to C$27.91, matching their 52-week high. The company recently reported quarterly revenue of C$349.42 million and earnings of C$0.83 per share.

Chorus Aviation (TSE:CHR - Get Free Report) had its price target raised by BMO Capital Markets from C$28.00 to C$32.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price target indicates a potential upside of 14.65% from the stock's previous close.

Other analysts also recently issued reports about the company. Scotia lifted their target price 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. Royal Bank Of Canada raised 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 research note on Thursday. TD lifted their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Finally, Stifel Nicolaus upped their target price 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. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chorus Aviation has an average rating of "Buy" and a consensus target price of C$32.39.

Chorus Aviation Trading Up 3.4%

Chorus Aviation stock traded up C$0.91 during midday trading on Thursday, reaching C$27.91. The stock had a trading volume of 127,075 shares, compared to its average volume of 37,654. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. The firm has a market cap of C$641.43 million, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. Chorus Aviation has a 52-week low of C$19.56 and a 52-week high of C$27.91. The company has a fifty day moving average of C$24.55 and a 200 day moving average of C$23.51.

Chorus Aviation (TSE:CHR - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The firm had revenue of C$349.42 million for the quarter. On average, analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

About Chorus Aviation

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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