Chorus Aviation (TSE:CHR – Free Report) had its target price raised by CIBC from C$3.25 to C$3.80 in a research report released on Friday morning,BayStreet.CA reports.
Several other equities research analysts also recently weighed in on the stock. TD Securities downgraded shares of Chorus Aviation from a “buy” rating to a “hold” rating and set a C$3.50 target price on the stock. in a research note on Friday. National Bankshares boosted their price target on shares of Chorus Aviation from C$3.65 to C$3.85 in a research report on Thursday, August 15th. Scotiabank increased their price objective on Chorus Aviation from C$3.00 to C$3.25 in a report on Wednesday, July 31st. Canaccord Genuity Group increased their price objective on Chorus Aviation from C$2.50 to C$3.10 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, Cormark upgraded shares of Chorus Aviation from a “market perform” rating to a “buy” rating and boosted their price target for the stock from C$2.50 to C$4.05 in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Chorus Aviation has an average rating of “Moderate Buy” and an average price target of C$3.37.
Get Our Latest Analysis on CHR
Chorus Aviation Stock Performance
Chorus Aviation (TSE:CHR – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of C$404.00 million. On average, analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.
Insider Activity
In related news, Director David Levenson bought 144,600 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of C$2.61 per share, for a total transaction of C$377,406.00. 13.83% of the stock is owned by insiders.
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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