TD Securities Forecasts Strong Price Appreciation for Chorus Aviation (TSE:CHR) Stock

Chorus Aviation (TSE:CHR) had its target price hoisted by equities researchers at TD Securities from C$29.00 to C$30.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 28.04% from the stock’s previous close.

Several other brokerages have also recently issued reports on CHR. CIBC upped their target price on Chorus Aviation from C$30.00 to C$33.00 in a report on Wednesday, October 8th. Scotiabank upped their target price on 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.55.

Chorus Aviation Stock Up 0.1%

Shares of TSE:CHR opened at C$23.43 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The business has a fifty day moving average of C$21.79 and a two-hundred day moving average of C$21.20. The stock has a market cap of C$602.78 million, a P/E ratio of -25.47, a PEG ratio of 0.65 and a beta of 1.56. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.08.

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.