Scotiabank Raises Chorus Aviation (CHR) Price Target to C$11.00

Chorus Aviation (TSE:CHR) had its price target raised by stock analysts at Scotiabank from C$10.50 to C$11.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price indicates a potential upside of 33.33% from the stock’s previous close.

Separately, CIBC upped their target price on Chorus Aviation from C$10.50 to C$11.00 in a research note on Thursday, January 4th. Six analysts have rated the stock with a buy rating, Chorus Aviation currently has an average rating of “Buy” and a consensus target price of C$10.04.

Shares of Chorus Aviation (TSE CHR) traded down C$0.13 during mid-day trading on Wednesday, hitting C$8.25. The stock had a trading volume of 768,690 shares, compared to its average volume of 470,124. The firm has a market cap of $1,040.00, a P/E ratio of 6.30 and a beta of 0.68. Chorus Aviation has a twelve month low of C$7.13 and a twelve month high of C$9.86.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, February 15th. The company reported C$0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.24 by C($0.05). The business had revenue of C$356.56 million for the quarter, compared to analyst estimates of C$348.50 million. Chorus Aviation had a return on equity of 38.57% and a net margin of 4.02%.

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About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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