Royal Bank Of Canada Raises Chorus Aviation (TSE:CHR) Price Target to C$35.00

Chorus Aviation (TSE:CHR) had its target price hoisted by investment analysts at Royal Bank Of Canada from C$31.00 to C$35.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 44.93% from the stock’s current price.

A number of other research firms have also recently commented on CHR. National Bank Financial decreased their price target on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Tuesday. Canadian Imperial Bank of Commerce decreased their target price on Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday, January 21st. BMO Capital Markets raised their target price on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. TD Securities lifted their target price on Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Finally, Stifel Nicolaus increased their price target on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chorus Aviation has an average rating of “Buy” and a consensus target price of C$30.71.

Chorus Aviation Trading Up 2.1%

Shares of CHR stock opened at C$24.15 on Thursday. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The firm has a market cap of C$565.47 million, a PE ratio of 8.02, a price-to-earnings-growth ratio of 0.65 and a beta of 1.46. The company has a 50-day moving average of C$21.64 and a two-hundred day moving average of C$21.69. Chorus Aviation has a 1-year low of C$17.62 and a 1-year high of C$24.31.

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