TD Securities Forecasts Strong Price Appreciation for Chorus Aviation (TSE:CHR) Stock

Chorus Aviation (TSE:CHR) had its target price raised by TD Securities from C$30.00 to C$31.00 in a research note issued to investors on Monday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 32.71% from the company’s previous close.

Other analysts have also issued research reports about the stock. Scotiabank raised their price target on shares of Chorus Aviation from C$23.50 to C$24.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. CIBC increased their price objective on Chorus Aviation from C$30.00 to C$33.00 in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chorus Aviation currently has a consensus rating of “Moderate Buy” and an average target price of C$28.40.

Chorus Aviation Price Performance

Shares of TSE:CHR traded up C$0.03 during trading on Monday, reaching C$23.36. The stock had a trading volume of 58,118 shares, compared to its average volume of 52,046. The stock has a market capitalization of C$600.98 million, a PE ratio of -25.39, a P/E/G ratio of 0.65 and a beta of 1.56. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$24.08. The business’s 50-day moving average price is C$21.97 and its 200 day moving average price is C$21.30.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.