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

Chorus Aviation (TSE:CHR) had its price target raised by stock analysts at Scotia from C$31.00 to C$33.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the stock. Scotia’s price target suggests a potential upside of 20.03% from the stock’s current price.

CHR has been the topic of a number of other reports. TD boosted their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Stifel Nicolaus raised their price target on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$32.39.

Chorus Aviation Stock Up 3.4%

Shares of TSE CHR traded up C$0.91 on Thursday, hitting C$27.91. The company had a trading volume of 127,075 shares, compared to its average volume of 37,654. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. Chorus Aviation has a 12-month low of C$19.56 and a 12-month high of C$27.91. The firm has a market capitalization of C$641.43 million, a P/E ratio of 10.73, a PEG ratio of 0.65 and a beta of 1.77. The business has a 50 day moving average of C$24.55 and a two-hundred day moving average of C$23.51.

Chorus Aviation (TSE:CHR) last announced its earnings results on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. The business had revenue of C$349.42 million for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. As a group, equities research analysts forecast 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.