CIBC Issues Positive Forecast for Chorus Aviation (TSE:CHR) Stock Price

Key Points

• CIBC has increased its price target for Chorus Aviation (TSE:CHR) from C$30.00 to C$33.00, suggesting a potential upside of 45.31% from the current stock price.
• Scotiabank has also raised its price target for Chorus from C$23.50 to C$24.00, maintaining a "sector perform" rating.
• Chorus Aviation's stock has a market capitalization of C$584.26 million and has ranged between C$17.62 and C$24.08 over the past 52 weeks.

Chorus Aviation (TSE:CHR - Get Free Report) had its price target boosted by equities researchers at CIBC from C$30.00 to C$33.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 45.31% from the company's current price.

Separately, Scotiabank upped their price objective on shares of Chorus Aviation from C$23.50 to C$24.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$19.98.

Chorus Aviation Stock Performance

TSE:CHR traded up C$0.14 during trading hours on Wednesday, hitting C$22.71. 28,062 shares of the company were exchanged, compared to its average volume of 51,409. The stock has a market capitalization of C$584.26 million, a price-to-earnings ratio of -24.68, a PEG ratio of 0.65 and a beta of 1.59. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.08. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The company's 50 day moving average price is C$20.96 and its 200-day moving average price is C$20.62.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.