Chorus Aviation (TSE:CHR) Given a C$31.00 Price Target at Royal Bank Of Canada

Chorus Aviation (TSE:CHR) has been given a C$31.00 target price by Royal Bank Of Canada in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 46.23% from the company’s previous close.

A number of other analysts have also issued reports on the company. Scotiabank boosted their target price on Chorus Aviation from C$23.50 to C$24.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. CIBC dropped their price objective on Chorus Aviation from C$33.00 to C$32.00 in a research note on Monday, November 10th. TD Securities boosted their price objective on Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Finally, BMO Capital Markets raised their target price on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$29.20.

Chorus Aviation Trading Down 0.2%

Shares of TSE:CHR traded down C$0.05 during midday trading on Tuesday, reaching C$21.20. 7,643 shares of the company’s stock were exchanged, compared to its average volume of 52,436. The firm’s 50 day simple moving average is C$22.48 and its two-hundred day simple moving average is C$21.56. Chorus Aviation has a fifty-two week low of C$17.62 and a fifty-two week high of C$24.31. 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 stock has a market cap of C$496.40 million, a price-to-earnings ratio of -17.52, a P/E/G ratio of 0.65 and a beta of 1.56.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, November 6th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$323.57 million during the quarter. Chorus Aviation had a negative net margin of 7.57% and a negative return on equity of 11.70%. As a group, sell-side analysts forecast that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Company Profile

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.