RBC Capital Remains a Buy on Chorus Aviation (CHR)

By Austin Angelo

Today, an analyst has provided a rating update for the Services sector company, Chorus Aviation (CHRResearch Report). Analyst Walter Spracklin from RBC Capital reiterated a Buy rating, with a C$9 price target.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.7% and a 71.5% success rate. Spracklin 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 Moderate Buy, with a price target consensus of C$9, a 19.4% upside from current levels. In a report released today, CIBC also reiterated a Buy rating on the stock with a C$9 price target.

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Based on Chorus Aviation’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$33.45 million. In comparison, last year the company had a net profit of C$16.2 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 last Wednesday at C$7.27.