Chorus Aviation (TSE:CHR – Get Free Report) had its price target decreased by Canaccord Genuity Group from C$2.60 to C$2.50 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 8.70% from the company’s current price.
A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Chorus Aviation from a “buy” rating to a “hold” rating and cut their target price for the company from C$3.15 to C$2.50 in a research report on Wednesday, February 28th. Scotiabank cut their price objective on shares of Chorus Aviation from C$3.30 to C$3.00 and set a “sector perform” rating for the company in a research report on Monday, February 26th. CIBC decreased their target price on shares of Chorus Aviation from C$4.25 to C$3.75 and set an “outperform” rating on the stock in a report on Monday, February 26th. Cormark downgraded shares of Chorus Aviation from a “buy” rating to a “market perform” rating and cut their price target for the stock from C$3.25 to C$2.50 in a report on Monday, February 26th. Finally, TD Securities reduced their price target on shares of Chorus Aviation from C$5.00 to C$3.75 and set a “buy” rating on the stock in a research report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$3.06.
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Chorus Aviation Stock Performance
Chorus Aviation (TSE:CHR – Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.05). Chorus Aviation had a return on equity of 8.33% and a net margin of 6.03%. The business had revenue of C$421.45 million for the quarter, compared to the consensus estimate of C$430.00 million. Analysts anticipate that Chorus Aviation will post 0.2339499 earnings per share 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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