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

Chorus Aviation (TSE:CHR) had its target price boosted by TD from C$34.00 to C$35.00 in a research report issued on Tuesday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD‘s price objective would indicate a potential upside of 15.02% from the company’s current price.

A number of other research firms also recently weighed in on CHR. Stifel Nicolaus increased their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Scotia upped their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price objective on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. BMO Capital Markets upped their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Scotiabank upped their price target on Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 15th. Eight investment analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$33.28.

Chorus Aviation Stock Up 1.3%

CHR traded up C$0.40 during midday trading on Tuesday, reaching C$30.43. 45,349 shares of the company were exchanged, compared to its average volume of 43,602. The company has a market cap of C$686.81 million, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43. Chorus Aviation has a one year low of C$20.80 and a one year high of C$31.20. The company’s fifty day moving average price is C$29.15 and its 200 day moving average price is C$25.06. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The company had revenue of C$349.42 million for the quarter. As a group, analysts expect that Chorus Aviation will post 0.30 EPS 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.