National Bank Financial Weighs in on Chorus Aviation Inc’s FY2017 Earnings (CHR)

Chorus Aviation Inc (TSE:CHR) – Research analysts at National Bank Financial lifted their FY2017 earnings estimates for Chorus Aviation in a report issued on Wednesday. National Bank Financial analyst C. Doerksen now expects that the company will post earnings per share of $0.80 for the year, up from their prior forecast of $0.79. National Bank Financial has a “Outperform” rating and a $10.00 price objective on the stock. National Bank Financial also issued estimates for Chorus Aviation’s Q4 2017 earnings at $0.22 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.

TRADEMARK VIOLATION NOTICE: “National Bank Financial Weighs in on Chorus Aviation Inc’s FY2017 Earnings (CHR)” was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.truebluetribune.com/2017/09/11/national-bank-financial-weighs-in-on-chorus-aviation-incs-fy2017-earnings-chr.html.

CHR has been the topic of a number of other reports. Canaccord Genuity lifted their price target on Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday, August 11th. Scotiabank boosted their price target on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Monday, May 15th. TD Securities boosted their price target on Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a report on Friday, August 11th. Royal Bank Of Canada boosted their price target on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, CIBC lifted their price objective on Chorus Aviation from C$8.25 to C$8.75 and gave the company an “outperform” rating in a research report on Friday, August 11th. Six investment analysts have rated the stock with a buy rating, Chorus Aviation currently has a consensus rating of “Buy” and a consensus price target of C$9.08.

Shares of Chorus Aviation (TSE:CHR) opened at 8.23 on Friday. Chorus Aviation has a one year low of $5.92 and a one year high of $12.94. The stock has a market capitalization of $1.01 billion and a price-to-earnings ratio of 10.29. The firm’s 50-day moving average is $8.00 and its 200-day moving average is $7.63.

The business also recently declared a monthly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 31st were given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Thursday, July 27th.

In related news, insider Jolene Mahody sold 193,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of C$8.15, for a total value of C$1,572,950.00. Also, insider Colin Copp sold 102,400 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of C$8.00, for a total value of C$819,200.00. Insiders have sold a total of 1,066,269 shares of company stock worth $8,374,866 over the last quarter.

About Chorus Aviation

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.

Earnings History and Estimates for Chorus Aviation (TSE:CHR)

Receive News & Ratings for Chorus Aviation Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chorus Aviation Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

one + four =