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

Chorus Aviation (TSE:CHR) had its price target boosted by research analysts at Stifel Nicolaus from C$33.00 to C$45.00 in a research note issued on Wednesday, BayStreet reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus‘s price target indicates a potential upside of 22.28% from the company’s current price.

CHR has been the subject of a number of other reports. National Bank Financial increased their target price on shares of Chorus Aviation from C$29.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday. Scotia boosted their target price on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of Chorus Aviation from C$39.00 to C$42.00 and gave the company an “outperform” rating in a research report on Wednesday. TD boosted their target price on Chorus Aviation from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Finally, Scotiabank raised their price objective on Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 15th. Seven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$37.06.

Chorus Aviation Stock Up 3.2%

Shares of CHR traded up C$1.15 during trading hours on Wednesday, reaching C$36.80. 424,462 shares of the stock traded hands, compared to its average volume of 48,587. Chorus Aviation has a 52 week low of C$20.80 and a 52 week high of C$36.89. The stock has a fifty day simple moving average of C$29.70 and a 200 day simple moving average of C$25.60. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84. The company has a market cap of C$830.58 million, a price-to-earnings ratio of 18.59, a PEG ratio of 0.65 and a beta of 1.26.

Chorus Aviation (TSE:CHR) last announced its earnings results on Monday, November 9th. The company reported C$0.68 earnings per share for the quarter. The firm had revenue of C$346.13 million for the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. On average, equities analysts forecast that Chorus Aviation will post 0.30 EPS 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.