Chorus Aviation Inc. (TSE:CHR) Receives C$12.88 Consensus Target Price from Brokerages

Chorus Aviation Inc. (TSE:CHR) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$12.88.

Several equities research analysts have weighed in on CHR shares. CIBC lifted their price target on shares of Chorus Aviation from C$28.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. TD Securities lifted their price target on shares of Chorus Aviation from C$27.00 to C$29.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Chorus Aviation from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th.

Chorus Aviation Trading Up 1.6%

CHR opened at C$22.76 on Tuesday. Chorus Aviation has a 1-year low of C$16.87 and a 1-year high of C$24.08. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The company has a market cap of C$618.17 million, a P/E ratio of -37.57, a price-to-earnings-growth ratio of 0.65 and a beta of 2.14. The company has a fifty day moving average price of C$20.76 and a two-hundred day moving average price of C$16.06.

Chorus Aviation Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, July 31st. Chorus Aviation’s payout ratio is -79.24%.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.