Chorus Aviation (TSE:CHR – Get Free Report) was upgraded by Cormark from a “market perform” rating to a “buy” rating in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a C$4.05 price target on the stock, up from their prior price target of C$2.50. Cormark’s price target indicates a potential upside of 45.68% from the stock’s current price.
Several other brokerages have also weighed in on CHR. Scotiabank upped their target price on Chorus Aviation from C$3.00 to C$3.25 in a research report on Wednesday. Canaccord Genuity Group dropped their price objective on Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada set a C$3.50 target price on shares of Chorus Aviation and gave the company an “outperform” rating in a research note on Thursday, April 4th. Finally, CIBC cut their price objective on Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Chorus Aviation presently has an average rating of “Moderate Buy” and a consensus target price of C$3.27.
Chorus Aviation Stock Up 1.5 %
Chorus Aviation (TSE:CHR – Get Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, beating the consensus estimate of C$0.05 by C$0.01. Chorus Aviation had a net margin of 4.65% and a return on equity of 6.69%. The firm had revenue of C$426.18 million for the quarter, compared to analyst estimates of C$416.00 million. Equities analysts anticipate that Chorus Aviation will post 0.2148438 EPS for the current fiscal year.
Chorus Aviation Company Profile
Chorus Aviation Inc, through its subsidiaries, provides aviation solutions. It operates through Regional Aviation Services and Regional Aircraft Leasing segments. The Regional Aviation Services segment provides contract flying services, charter services, and specialized contract flying, such as medical, logistical, and humanitarian flights; aircraft leasing; and maintenance, repair and overhaul services, and part sales and technical services, as well as pilot training services.
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