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An update from Chorus Aviation ( (TSE:CHR) ) is now available.
Chorus Aviation Inc. has announced an agreement to sell three Dash 8-400 aircraft, expecting to realize net proceeds of approximately US $20 million. Additionally, the company has completed the acquisition of Elisen & Associates Inc., enhancing its capabilities in aerospace engineering and certification services. These strategic moves are expected to impact Chorus’s operations by streamlining its fleet and expanding its service offerings, potentially strengthening its position in the aviation industry.
The most recent analyst rating on (TSE:CHR) stock is a Hold with a C$20.50 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 overall stock score reflects a combination of mixed financial performance, bearish technical indicators, and a challenging valuation. While there are improvements in operational efficiency and debt management, the stock is currently under technical pressure with a negative P/E ratio. The high dividend yield offers some appeal, but caution is advised due to the negative earnings outlook.
To see Spark’s full report on TSE:CHR stock, click here.
More about Chorus Aviation
Chorus Aviation Inc. is a holding company with several principal operating subsidiaries, including Jazz Aviation, Voyageur Aviation, Cygnet Aviation Academy, and Elisen & Associates. These subsidiaries provide a comprehensive range of services across the aviation industry, including regional air services under the Air Canada Express brand, specialty charter services, aircraft modifications, parts provisioning, in-service support, aerospace engineering, and pilot training.
Average Trading Volume: 49,636
Technical Sentiment Signal: Hold
Current Market Cap: C$526.4M
For detailed information about CHR stock, go to TipRanks’ Stock Analysis page.