Chorus Aviation (TSE:CHR – Get Free Report) had its target price lifted by analysts at CIBC from C$3.25 to C$3.80 in a report released on Friday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 24.18% from the company’s previous close.
CHR has been the topic of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Chorus Aviation from C$3.50 to C$3.25 and set an “outperform” rating on the stock in a research note on Friday, August 16th. Cormark upgraded Chorus Aviation from a “market perform” rating to a “buy” rating and boosted their price objective for the stock from C$2.50 to C$4.05 in a research report on Wednesday, July 31st. National Bankshares upped their target price on Chorus Aviation from C$3.65 to C$3.85 in a report on Thursday, August 15th. Canaccord Genuity Group lifted their price target on Chorus Aviation from C$2.50 to C$3.10 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Finally, Scotiabank upped their price objective on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Chorus Aviation presently has a consensus rating of “Moderate Buy” and a consensus target price of C$3.37.
Read Our Latest Report on Chorus Aviation
Chorus Aviation Price Performance
Chorus Aviation (TSE:CHR – Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported C$0.08 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.02. Chorus Aviation had a positive return on equity of 7.10% and a negative net margin of 6.95%. The firm had revenue of C$351.22 million during the quarter, compared to the consensus estimate of C$404.00 million. On average, sell-side analysts expect that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director David Levenson acquired 46,000 shares of Chorus Aviation stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of C$2.64 per share, with a total value of C$121,440.00. Company insiders own 13.83% of the company’s stock.
About Chorus Aviation
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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