Chorus Aviation (CHR), the Services sector company, has received a rating update from a Wall Street analyst today. Analyst Kevin Chiang from CIBC remains bullish on the stock and has a C$9.50 price target.
According to TipRanks.com, Chiang is a 5-star analyst with an average return of 8.7% and a 60.2% success rate. Chiang covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Canadian Railway, and Canadian Pacific.
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Chorus Aviation has an analyst consensus of Strong Buy, with a price target consensus of C$9.30.
Based on Chorus Aviation’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$43.72 million. In comparison, last year the company had a net profit of C$19.74 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 Monday at C$5.64.
