TD Boosts Chorus Aviation (TSE:CHR) Price Target to C$34.00

Chorus Aviation (TSE:CHR) had its price objective raised by equities researchers at TD from C$33.00 to C$34.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 21.91% from the stock’s current price.

Several other brokerages also recently commented on CHR. Stifel Nicolaus upped their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets boosted their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank Of Canada upped their price target on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Scotia increased their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$32.39.

Chorus Aviation Price Performance

CHR stock traded up C$0.89 during mid-day trading on Thursday, reaching C$27.89. 123,757 shares of the company traded hands, compared to its average volume of 37,640. Chorus Aviation has a 52-week low of C$19.56 and a 52-week high of C$27.90. The company has a market capitalization of C$640.97 million, a P/E ratio of 10.73, a P/E/G ratio of 0.65 and a beta of 1.77. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53. The company has a fifty day moving average price of C$24.55 and a 200-day moving average price of C$23.51.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The firm 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 year.

Chorus Aviation Company Profile

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.