Shares of Chorus Aviation Inc. (TSE:CHR – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$3.25 and last traded at C$3.06, with a volume of 1323334 shares trading hands. The stock had previously closed at C$2.81.
Analyst Ratings Changes
Several brokerages have recently issued reports on CHR. Royal Bank of Canada set a C$3.50 price objective on Chorus Aviation and gave the company an “outperform” rating in a report on Thursday, April 4th. 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 research note on Wednesday, May 8th. Finally, CIBC cut their price target on Chorus Aviation from C$3.75 to C$3.25 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chorus Aviation currently has a consensus rating of “Moderate Buy” and an average price target of C$3.06.
Chorus Aviation Trading Up 3.2 %
Chorus Aviation (TSE:CHR – Get Free Report) last issued its earnings results on Monday, May 6th. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.01. The business had revenue of C$426.18 million for the quarter, compared to analysts’ expectations 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, research analysts forecast that Chorus Aviation Inc. will post 0.2148438 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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