National Bank Financial Forecasts Strong Price Appreciation for Chorus Aviation (TSE:CHR) Stock

Chorus Aviation (TSE:CHR) had its target price hoisted by equities researchers at National Bank Financial from C$29.00 to C$41.00 in a report issued on Wednesday, BayStreet reports. The firm currently has an “outperform” rating on the stock. National Bank Financial‘s price target would indicate a potential upside of 11.41% from the company’s current price.

CHR has been the topic of several other reports. Stifel Nicolaus raised their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada raised their price target on shares of Chorus Aviation from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD lifted their price target on shares of Chorus Aviation from C$34.00 to C$35.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. Scotia boosted their price objective on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a research report on Thursday, August 6th. Finally, BMO Capital Markets boosted their price objective on shares of 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. Seven investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$37.06.

Chorus Aviation Stock Up 3.2%

Shares of CHR stock traded up C$1.15 during trading hours on Wednesday, hitting C$36.80. 424,462 shares of the company were exchanged, compared to its average volume of 48,587. The stock has a market capitalization of C$830.58 million, a price-to-earnings ratio of 18.59, a P/E/G ratio of 0.65 and a beta of 1.26. Chorus Aviation has a one year low of C$20.80 and a one year high of C$36.89. The business’s 50-day simple moving average is C$29.70 and its two-hundred day simple moving average is C$25.60. 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 earnings results on Monday, November 9th. The company reported C$0.68 EPS for the quarter. The company 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%. Sell-side analysts predict that Chorus Aviation will post 0.30 EPS for the current fiscal 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.