Shares of Chorus Aviation Inc. (TSE:CHR – Get Free Report) have earned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$3.06.
Several research analysts have weighed in on CHR shares. Canaccord Genuity Group cut their price target on Chorus Aviation from C$2.60 to C$2.50 and set a “hold” rating for the company in a report on Wednesday, May 8th. BMO Capital Markets decreased their target price on shares of Chorus Aviation from C$4.15 to C$3.00 in a research report on Monday, March 4th. CIBC lowered their target price on shares of Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Finally, Royal Bank of Canada set a C$3.50 price target on shares of Chorus Aviation and gave the stock an “outperform” rating in a research note on Thursday, April 4th.
Read Our Latest Stock Report on Chorus Aviation
Chorus Aviation Trading Down 2.8 %
Chorus Aviation (TSE:CHR – Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported C$0.06 EPS for the quarter, topping analysts’ consensus estimates of C$0.05 by C$0.01. The business had revenue of C$426.18 million during the quarter, compared to the consensus estimate of C$416.00 million. Chorus Aviation had a net margin of 4.65% and a return on equity of 6.69%. Equities research analysts predict that Chorus Aviation will post 0.2148438 earnings per share for the current fiscal 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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