Chorus Aviation (TSE:CHR) Price Target Raised to C$33.00 at TD

Chorus Aviation (TSE:CHR) had its price target boosted by equities research analysts at TD from C$32.00 to C$33.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 30.18% from the company’s current price.

Chorus Aviation Trading Up 2.4%

TSE CHR traded up C$0.59 on Tuesday, hitting C$25.35. 69,768 shares of the company were exchanged, compared to its average volume of 36,010. The company’s 50 day moving average price is C$24.42 and its 200-day moving average price is C$23.33. 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 firm has a market capitalization of C$582.59 million, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78. Chorus Aviation has a twelve month low of C$19.56 and a twelve month high of C$25.35.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. The business had revenue of C$325.42 million for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. Analysts predict that Chorus Aviation will post 0.3 earnings per share for the current fiscal 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.