Chorus Aviation (TSE:CHR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Chorus Aviation (TSE:CHR) had its target price hoisted by research analysts at Stifel Nicolaus from C$32.00 to C$33.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 18.24% from the company’s current price.

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

Chorus Aviation Price Performance

Shares of Chorus Aviation stock traded up C$0.91 during trading hours on Thursday, reaching C$27.91. The stock had a trading volume of 127,075 shares, compared to its average volume of 37,654. The stock’s 50 day moving average is C$24.55 and its 200 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. Chorus Aviation has a twelve month low of C$19.56 and a twelve month high of C$27.91. The firm has a market capitalization of C$641.43 million, a PE ratio of 10.73, a PEG ratio of 0.65 and a beta of 1.77.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The company had revenue of C$349.42 million during the quarter. Equities analysts expect that Chorus Aviation will post 0.3 earnings per share 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.