National Bank Financial Cuts Chorus Aviation Inc (TSE:CHR) Price Target to C$8.50

Chorus Aviation Inc (TSE:CHR) had its price objective dropped by equities researchers at National Bank Financial from C$10.00 to C$8.50 in a research report issued to clients and investors on Thursday, August 24th. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 4.29% from the stock’s previous close. National Bank Financial also issued estimates for Chorus Aviation’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.80 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $1.12 EPS.

Several other equities research analysts have also recently weighed in on the company. Scotiabank upped their price target on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a C$9.00 price target on shares of Chorus Aviation in a research note on Monday, June 5th. TD Securities upped their price target on Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Friday, August 11th. CIBC increased their target price on Chorus Aviation from C$8.25 to C$8.75 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada increased their target price on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Six analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus price target of C$9.08.

Chorus Aviation (TSE:CHR) traded down 0.49% during mid-day trading on Thursday, reaching $8.15. 267,493 shares of the company traded hands. The company’s 50-day moving average is $8.14 and its 200-day moving average is $7.69. Chorus Aviation has a 12-month low of $5.92 and a 12-month high of $8.28. The stock has a market capitalization of $1.00 billion and a price-to-earnings ratio of 10.19.

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In other news, insider Rick Flynn sold 80,000 shares of the company’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of C$7.60, for a total transaction of C$608,000.00. Also, Director Nowlan Kal Dayne Rebin sold 25,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of C$7.35, for a total value of C$183,750.00. Over the last ninety days, insiders have sold 1,220,669 shares of company stock worth $9,642,696.

Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Analyst Recommendations for Chorus Aviation (TSE:CHR)




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