Buy, Sell or Hold: Chorus Aviation Inc (CHR-T) — Stock Predictions at Stockchase

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TSE:CHR

2.34

0.00 (0.00%) 1d

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SELL

The regional air carrier for Air Canada (Jazz Airlines). They just made a big purchase of Falco Aircraft Services, adding 100 planes. Air Canada isn't doing well. Doesn't bode well for Chrous, down stream. However, smart-money BAM did give CHR a ringing endorsement. He loves BAM, but disagrees. Avoid airlines if there's a recession coming, and households are tightening their belts.

Transportation & Environmental Services

TRADE

It is a play on the re-opening trade. There are opportunities for long term investors but you have to be confident that we'll get through a recession. Air Canada is at a very attractive valuation. October/November should see improvement in the airlines. Buy in small quantities.

Transportation & Environmental Services

Unspecified

It is earning enough to re-instate the dividend but management would like to accumulate retained earnings for now due to the balance sheet not being quite where they want it. Trading close to book value. Based on current earnings the fair market value is 100% above the price. If it goes above the price then has great upside. It has some rebuilding to do. There is an improvement in the general airlines situation.

Transportation & Environmental Services

TOP PICK

Riskier bet. A satellite position, not core. Trying to do an acquisition along with Brookfield. Where Brookfield goes, that's where you want to look. Trades at 6.7x 2023 earnings, growth of 16%. Price to growth is very attractive. Aviation recovery play. Don't own forever, as it's cyclical, but the time is now for some nice capital appreciation. No dividend. (Analysts’ price target is $5.71)

Transportation & Environmental Services

BUY

CHR are buying a UK plane-leasing company, Falco Regional Aircraft, then Brookfield invested $370 million in Chorus He sold it when Covid started. Brookfield's interest in this stock is worth noting and it's possible that Brookfield will buy CHR one day. This should rebound along with airlines. He owns PTS instead, which runs the loyalty programs for airlines, a business which few know is the most profitable segment the plane industry.

Transportation & Environmental Services

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A very large deal. It could double the size of the company and diversify it with a growth profile. CHR will become large and more attractive to institutional investors. Unlock Premium - Try 5i Free

Transportation & Environmental Services

BUY

Allan Tong’s Discover Picks This time around, I'm endorsing CHR on the same assumption, but based on the following facts. Since last May, Canada's full vaccination rate has leapt to 80%, surpassing the U.S. at 64.4%, while children under 12 are rapidly getting jabbed. Further, Omicron swept across the world's populations, but like a big wave it crested suddenly and is receeding quickly. Third: the past two years have shown that Covid doesn't like warm weather. Four: past spikes in travel prove that “revenge travel” is a real economic force. People are dying to travel, though it's up in the air when business travel will recover. Five: Scotia Capital just upgraded CHR, citing a possible rebound in the aircraft leasing market and the company's plan to invest $330-400 million on planes this year, based on liquidity of $434 million. Watch for CHR's full-year report on Feb. 17. Read 3 Promising Reopening Stocks 2022 for our full analysis.

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COMMENT

Offers growth, but is more of a cyclical.

Transportation & Environmental Services

BUY

Allan Tong’s Discover Picks Bay Street is sticking by Chorus. Analyst signals remain at four buys and two holds for CHR stock. The new $5.18 price target amounts to more than 10% upside. With flights expected to resume sometime this summer, this PT is reasonable. Chorus’ management has steered the company well through the Covid turbulence, so they deserve the benefit of the doubt going forward. However, there’s still no word on when the company will restore its dividend. Read 3 Hot Canadian Summer Stocks for our full analysis.

Transportation & Environmental Services

DON'T BUY

Airlines continue to struggle and will take much longer than some expect to recover. There are better opportunities in other sectors, like metals. Yes, people want to travel again, but he thinks it will be a long while before people can actually travel, especially for business.

Transportation & Environmental Services

HOLD

Has had it as a Top Pick in the past. Both their leasing business and Air Canada flights were very hard hit by the pandemic. Their collection rate for leases is at 60%. The Air Canada business gives them steady income though. Undervalued here. A riskier return to work play. 7x earnings, 7x EBITA. Scores well on value but price momentum has been bad until recent news of someone approaching them.

Transportation & Environmental Services

WATCH

They are in a tough situation with the pandemic. They don't own them at this time. They are in a partnership with Air Canada that provides a block amount of flight time, which was creating great certainty. The other side of their business is the leasing side, which was being looked at fueling growth. It will probably trade up and down with the prognosis of the aviation space.

Transportation & Environmental Services

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TOP PICK

Finally, a word about Canadian airlines. Chorus Aviation continues to post double-digit gains, soaring nearly 21% on April 8 alone. That said, the regional flyer with a long-term contract with Air Canada plunged 73% between the Feb. 19 peak and the March 23 trough, so it was a little oversold and it is now making it lost ground. (It recently suspended its dividend, like so many income stocks.) CHR is still less than half of its $8.45 peak.

Transportation & Environmental Services

WEAK BUY

They're not exposed to oil prices or currencies. They have a take-or-pay contract with Air Canada, who pay CHR whether AC uses them or not. CHR is Jazz Airlines, an AC regional offset. The dividend is sustainable, above 8%. Input costs won't change much. This stock has sold off, the baby with the bathwater. CHR is like a bond on the health of AC. Their contract runs to 2035.

Transportation & Environmental Services

STRONG BUY

Three main businesses: Jazz operator, regional leasing, and charter business. Good capital generating businesses. There's been a lot of carnage recently, but understand what the value of the company will be next year. Beaten up, so it's a great buy here.

Transportation & Environmental Services

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Chorus Aviation Inc(CHR-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 4

Stockchase rating for Chorus Aviation Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Chorus Aviation Inc(CHR-T) Frequently Asked Questions

What is Chorus Aviation Inc stock symbol?

Chorus Aviation Inc is a Canadian stock, trading under the symbol CHR-T on the Toronto Stock Exchange (CHR-CT). It is usually referred to as TSX:CHR or CHR-T

Is Chorus Aviation Inc a buy or a sell?

In the last year, 4 stock analysts published opinions about CHR-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chorus Aviation Inc.

Is Chorus Aviation Inc a good investment or a top pick?

Chorus Aviation Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Chorus Aviation Inc.

Why is Chorus Aviation Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Chorus Aviation Inc worth watching?

4 stock analysts on Stockchase covered Chorus Aviation Inc In the last year. It is a trending stock that is worth watching.

What is Chorus Aviation Inc stock price?

On 2022-09-30, Chorus Aviation Inc (CHR-T) stock closed at a price of $2.34.

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