Royal Bank of Canada Increases Chorus Aviation (TSE:CHR) Price Target to C$5.50

Chorus Aviation (TSE:CHR) had its target price hoisted by research analysts at Royal Bank of Canada to C$5.50 in a report released on Thursday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 21.41% from the company’s previous close.

Other research analysts also recently issued reports about the stock. National Bank Financial boosted their price objective on shares of Chorus Aviation from C$4.00 to C$4.75 and gave the company a “sector perform” rating in a research report on Tuesday, March 2nd. CIBC reiterated an “outperform” rating and set a C$5.25 price target on shares of Chorus Aviation in a research report on Wednesday. TD Securities decreased their price target on shares of Chorus Aviation from C$6.00 to C$5.50 and set a “neutral” rating for the company in a research note on Wednesday. Scotiabank lifted their price objective on Chorus Aviation from C$4.75 to C$5.00 in a research report on Wednesday. Finally, Cormark increased their target price on Chorus Aviation from C$5.25 to C$6.50 and gave the stock a “na” rating in a research report on Wednesday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$5.42.

Shares of TSE CHR traded down C$0.08 during trading hours on Thursday, hitting C$4.53. The company’s stock had a trading volume of 140,745 shares, compared to its average volume of 900,740. Chorus Aviation has a 12 month low of C$2.12 and a 12 month high of C$5.34. The stock has a market cap of C$733.26 million and a price-to-earnings ratio of 18.16. The company has a debt-to-equity ratio of 344.02, a quick ratio of 0.78 and a current ratio of 1.00. The business has a 50-day simple moving average of C$4.52 and a 200-day simple moving average of C$3.65.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, February 18th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.05). The business had revenue of C$218.17 million during the quarter, compared to analyst estimates of C$200.00 million. On average, equities research analysts forecast that Chorus Aviation will post 0.56 EPS for the current year.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, provides various aviation support services in the United States and Canada. The company operates through two segments, Regional Aviation Services and Regional Aircraft Leasing. The Regional Aviation Services segment includes all three sectors of the regional aviation, such as contract flying, including ACMI and charter operations; aircraft leasing; and maintenance, repair, and overhaul, as well as part sales and technical services.

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