Chorus Aviation (CHR) has received a rating update from a Wall Street analyst today. Analyst Tim James from TD Securities rated Chorus Aviation (CHR) a Buy, setting a C$9 price target.
James has an average return of 23.0% when recommending Chorus Aviation.
According to TipRanks.com, James is ranked #1417 out of 4891 analysts.
Currently, the analyst consensus on Chorus Aviation is a Strong Buy with an average price target of C$9.50, implying a 40.1% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$10 price target.
.
Based on Chorus Aviation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$16.2 million. In comparison, last year the company had a net profit of C$79.07 million.
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$6.78, close to its 52-week low of C$6.52.
