Chorus Aviation (TSE:CHR) Stock Rating Upgraded by Scotiabank

Chorus Aviation (TSE:CHR) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a C$30.00 price target on the stock, up from their prior price target of C$26.00. Scotiabank’s price target would suggest a potential upside of 34.41% from the stock’s current price.

Several other research analysts have also recently commented on the company. National Bank Financial reduced their price target on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday. Canadian Imperial Bank of Commerce reduced their price objective on shares of Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. BMO Capital Markets raised their target price on shares of Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. TD Securities raised their price objective on shares of Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Finally, Stifel Nicolaus upped their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$30.14.

Chorus Aviation Trading Up 3.8%

Shares of CHR traded up C$0.82 on Tuesday, reaching C$22.32. 59,464 shares of the company’s stock were exchanged, compared to its average volume of 33,841. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. Chorus Aviation has a 12 month low of C$17.62 and a 12 month high of C$24.31. The business has a 50 day moving average price of C$21.54 and a two-hundred day moving average price of C$21.66. The stock has a market capitalization of C$522.62 million, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 0.65 and a beta of 1.46.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The company had revenue of C$320.19 million during the quarter. Research analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current year.

About Chorus Aviation

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.