Chorus Aviation (TSE:CHR) Raised to Outperform at Scotiabank

Chorus Aviation (TSE:CHR) was upgraded by investment analysts at Scotiabank from a “hold” rating to an “outperform” rating in a note issued to investors on Tuesday, Marketbeat reports. The brokerage presently has a C$30.00 target price on the stock, up from their prior target price of C$26.00. Scotiabank’s target price suggests a potential upside of 36.30% from the stock’s previous close.

CHR has been the topic of several other research reports. Canadian Imperial Bank of Commerce dropped their price target on Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. National Bank Financial cut their target price on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Tuesday. Royal Bank Of Canada set a C$31.00 target price on Chorus Aviation and gave the company an “outperform” rating in a report on Tuesday, November 25th. Stifel Nicolaus increased their price target on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$30.14.

Chorus Aviation Price Performance

Shares of TSE CHR opened at C$22.01 on Tuesday. Chorus Aviation has a twelve month low of C$17.62 and a twelve month high of C$24.31. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The firm has a 50-day moving average of C$21.55 and a two-hundred day moving average of C$21.66. The company has a market capitalization of C$515.36 million, a price-to-earnings ratio of 7.31, a PEG ratio of 0.65 and a beta of 1.46.

Chorus Aviation (TSE:CHR) last released its earnings results on Thursday, February 12th. The company reported C$0.67 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. As a group, analysts expect that Chorus Aviation will post 0.3 earnings per share for the current fiscal 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.