Chorus Aviation (TSE:CHR) Stock Price Target Raised at Royal Bank Of Canada

Chorus Aviation (TSE:CHR) had its price target increased by stock analysts at Royal Bank Of Canada from C$39.00 to C$42.00 in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 14.13% from the company’s previous close.

Several other analysts also recently issued reports on the company. BMO Capital Markets lifted their target price on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Stifel Nicolaus upped 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, August 6th. Scotia increased their price objective on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a report on Thursday, August 6th. TD lifted their price objective on shares of Chorus Aviation from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Finally, Scotiabank lifted their price objective on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 15th. Seven investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$37.06.

Chorus Aviation Price Performance

CHR stock traded up C$1.15 during trading on Wednesday, reaching C$36.80. The company’s stock had a trading volume of 424,462 shares, compared to its average volume of 48,587. Chorus Aviation has a 1 year low of C$20.80 and a 1 year high of C$36.89. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 60.84. The company has a market capitalization of C$830.58 million, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company’s fifty day moving average is C$29.70 and its 200-day moving average is C$25.60.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Monday, November 9th. The company reported C$0.68 EPS for the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. The business had revenue of C$346.13 million for the quarter. On average, research analysts expect that Chorus Aviation will post 0.30 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.