Chorus Aviation Completes Substantial Issuer Bid and Plans to Resume Share Purchases

Chorus Aviation ( (TSE:CHR) ) has provided an update.

Chorus Aviation Inc. announced the final results of its substantial issuer bid, purchasing 471,319 shares at $21.00 per share for approximately $9.9 million. This move represents about 1.78% of its outstanding shares, and the company plans to resume its normal course issuer bid, continuing share purchases opportunistically until November 2025.

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 primarily influenced by its resilience in cash flow management and leverage reduction amidst challenging profitability. Technical indicators present a cautious outlook, and valuation remains a concern due to a negative P/E ratio. Corporate events like share buybacks and strong quarterly results provide some optimism, but ongoing improvements in profitability and financial stability are critical for enhancing the stock’s appeal.

To see Spark’s full report on TSE:CHR stock, click here.

More about Chorus Aviation

Chorus Aviation Inc. is a company in the aviation industry, primarily focused on providing regional aviation services. It operates through various subsidiaries and offers services such as aircraft leasing and contract flying operations.

Average Trading Volume: 48,998

Technical Sentiment Signal: Hold

Current Market Cap: C$529.4M

For detailed information about CHR stock, go to TipRanks’ Stock Analysis page.