Canaccord Genuity Keeps Their Buy Rating on Chorus Aviation


Chorus Aviation (TSX: CHR), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Doug Taylor from Canaccord Genuity remains bullish on the stock and has a C$10.50 price target.

Taylor said:

“We see the recent pullback in the stock following Air Canada’s commentary on regional routes as a compelling opportunity for a name with strong underlying fundamentals, little commercial sensitivity, multiple upside potential and an attractive 6.4% dividend yield. We maintain a BUY rating C$10.50 target.”

According to TipRanks.com, Taylor is ranked #857 out of 4773 analysts.

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Chorus Aviation has an analyst consensus of Strong Buy, with a price target consensus of C$10.63.

The company has a one-year high of C$9.86 and a one-year low of C$7.15. Currently, Chorus Aviation has an average volume of 569.2K.

Chorus Aviation, Inc. is a holding company, which provides aviation services. It offers ground handling, airline training, operational start-up assistance, consultancy and operational support services through its subsidiary, Jazz Aviation LP. Chorus Aviation was founded on September 27, 2010 and is headquartered in Toronto, Canada.

The company’s shares closed on Thursday at C$7.52, close to its 52-week low of C$7.15.

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