Chorus Aviation (TSE:CHR – Free Report) had its price target cut by BMO Capital Markets from C$4.15 to C$3.00 in a research note released on Monday, BayStreet.CA reports.
Several other research firms have also recently weighed in on CHR. National Bankshares cut their price objective on Chorus Aviation from C$4.00 to C$3.50 and set an outperform rating on the stock in a research report on Tuesday, November 14th. TD Securities cut their price target on Chorus Aviation from C$5.00 to C$3.75 and set a buy rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada cut their price target on Chorus Aviation from C$3.75 to C$3.50 and set an outperform rating on the stock in a research note on Monday, February 26th. Scotiabank cut their price target on Chorus Aviation from C$3.30 to C$3.00 and set a sector perform rating on the stock in a research note on Monday, February 26th. Finally, Cormark downgraded Chorus Aviation from a buy rating to a market perform rating and cut their price target for the stock from C$3.25 to C$2.50 in a research note on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$3.19.
Check Out Our Latest Research Report on CHR
Chorus Aviation Stock Down 2.4 %
Chorus Aviation (TSE:CHR – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.05). Chorus Aviation had a net margin of 6.03% and a return on equity of 8.33%. The business had revenue of C$421.45 million for the quarter, compared to analysts’ expectations of C$430.00 million. Sell-side analysts anticipate that Chorus Aviation will post 0.2400881 EPS for the current year.
About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, provides aviation solutions in the United States and Canada. 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.
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