Chorus Aviation (TSE:CHR – Get Free Report) was upgraded by equities research analysts at Cormark from a “market perform” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. The brokerage presently has a C$4.05 price objective on the stock, up from their prior price objective of C$2.50. Cormark’s target price indicates a potential upside of 45.68% from the stock’s current price.
Other equities research analysts have also recently issued reports about the company. Scotiabank upped their price target on Chorus Aviation from C$3.00 to C$3.25 in a research note on Wednesday. Canaccord Genuity Group lowered their price target on shares of Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a research report on Wednesday, May 8th. CIBC dropped their price target on Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada set a C$3.50 price target on Chorus Aviation and gave the company an “outperform” rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and six have given 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 price target of C$3.27.
Read Our Latest Research Report on CHR
Chorus Aviation Stock Up 1.5 %
Chorus Aviation (TSE:CHR – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.05 by C$0.01. The company had revenue of C$426.18 million during the quarter, compared to analyst estimates of C$416.00 million. Chorus Aviation had a return on equity of 6.69% and a net margin of 4.65%. As a group, sell-side analysts forecast that Chorus Aviation will post 0.2148438 earnings per share for the current year.
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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