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

Chorus Aviation (TSE:CHR) 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) 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.