Chorus Aviation (TSE:CHR) Price Target Raised to C$33.50

Key Points

• Scotia raised Chorus Aviation’s price target to C$33.50 from C$31.00 while maintaining a “sector outperform” rating, implying approximately 20% upside from the prior close.
• Analyst sentiment remains positive: TD and Stifel Nicolaus also lifted their targets to C$33.00, and nine analysts rate the stock a Buy. The consensus rating is “Buy,” with an average price target of C$32.39.
• Chorus Aviation shares rose 3.4% to C$27.91, reaching a new 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 boosted by investment analysts at Scotia from C$31.00 to C$33.50 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a "sector outperform" rating on the stock. Scotia's target price points to a potential upside of 20.03% from the stock's previous close.

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

Chorus Aviation Trading Up 3.4%

Shares of TSE:CHR traded up C$0.91 during 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 stock has a market cap of C$641.43 million, a P/E ratio of 10.73, a PEG ratio of 0.65 and a beta of 1.77. The business has a fifty day moving average price of C$24.55 and a 200-day moving average price of C$23.51. Chorus Aviation has a fifty-two week low of C$19.56 and a fifty-two week high of C$27.91.

Chorus Aviation (TSE:CHR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The company had revenue of C$349.42 million during the quarter. As a group, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source