Chorus Aviation (CHR), the Services sector company, was revisited by a Wall Street analyst today. Analyst Walter Spracklin from RBC Capital reiterated a Buy rating, with a C$9.50 price target.
According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.7% and a 74.0% success rate. Spracklin covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.
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Currently, the analyst consensus on Chorus Aviation is a Strong Buy with an average price target of C$9.67, representing a 27.7% upside. In a report issued on February 20, Paradigm also maintained a Buy rating on the stock with a C$10 price target.
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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$7.57.
