National Bank Maintain Outperform Rating Ahead of Q4 Results2023-01-31 11:19:52 AM ET (MT Newswires)
11:19 AM EST, 01/31/2023 (MT Newswires) -- National Bank said Monday that it has maintained an outperform rating on Chorus Aviation Inc. (CHR.TO) ahead of the company's fourth-quarter results that are scheduled to be released on Feb. 17.
The bank said its positive view is supported by the continued improvement of the aircraft leasing end markets, a planned US$500 million regional aircraft investment fund, and valuation, among other factors.
"On our newly introduced 2024 EPS forecast, which we believe reflects the potential earnings of the company as the expected new investment fund deploys capital, the stock is trading at 6.6x P/E," the analysts said.