Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Chorus Aviation ( (TSE:CHR) ) is now available.
Chorus Aviation Inc. announced its agreement to acquire Elisen & Associates Inc., a Montreal-based aerospace engineering firm known for its work on complex aircraft modifications and sustainable aviation projects. This acquisition is expected to enhance Chorus’s defense and specialized MRO capabilities by leveraging Elisen’s expertise and industry relationships, although it is not anticipated to significantly impact Chorus’s financial metrics.
The most recent analyst rating on (TSE:CHR) stock is a Buy with a C$21.00 price target. To see the full list of analyst forecasts on Chorus Aviation stock, see the TSE:CHR Stock Forecast page.
Spark’s Take on TSE:CHR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CHR is a Neutral.
Chorus Aviation’s stock score is influenced by its strong corporate actions and effective cash flow management. However, persistent profitability challenges and a negative valuation aspect due to ongoing losses weigh on the overall score. Technical indicators suggest potential for recovery, but caution is advised due to mixed signals.
To see Spark’s full report on TSE:CHR stock, click here.
More about Chorus Aviation
Chorus Aviation Inc. is a holding company with principal operating subsidiaries including Jazz Aviation, the largest regional operator in Canada, Voyageur Aviation, a provider of specialty charter and aircraft services, and Cygnet Aviation Academy, a training academy for pilots. The company offers a comprehensive range of services across an aircraft’s lifecycle, from contract flying to aircraft refurbishment and engineering.
Average Trading Volume: 42,978
Technical Sentiment Signal: Buy
Current Market Cap: C$592.5M
For a thorough assessment of CHR stock, go to TipRanks’ Stock Analysis page.