Chorus Aviation (TSE:CHR) Given New C$33.00 Price Target at Stifel Nicolaus

Chorus Aviation (TSE:CHR) had its price target raised by research analysts at Stifel Nicolaus from C$32.00 to C$33.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 18.24% from the company’s previous close.

Separately, TD boosted their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chorus Aviation presently has a consensus rating of “Buy” and a consensus price target of C$32.39.

Chorus Aviation Trading Up 3.4%

Chorus Aviation stock traded up C$0.91 during mid-day trading on Thursday, hitting C$27.91. The company’s stock had a trading volume of 127,075 shares, compared to its average volume of 37,654. The stock’s fifty day moving average is C$24.55 and its two-hundred day moving average is C$23.51. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. The firm has a market capitalization of C$641.43 million, a PE ratio of 10.73, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. Chorus Aviation has a 1 year low of C$19.56 and a 1 year high of C$27.91.

Chorus Aviation (TSE:CHR) last posted its earnings results on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The company had revenue of C$349.42 million for the quarter. On average, analysts anticipate that Chorus Aviation will post 0.3 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.