Chorus Aviation (TSE:CHR) Given New C$26.00 Price Target at Scotiabank

Chorus Aviation (TSE:CHR) had its price target reduced by Scotiabank from C$27.00 to C$26.00 in a report issued on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

CHR has been the subject of several other reports. CIBC dropped their price objective on shares of Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday. BMO Capital Markets raised their target price on shares of Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$31.00 price target on shares of Chorus Aviation and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. Finally, TD Securities upped their price target on shares of Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$29.40.

Chorus Aviation Trading Down 0.0%

Shares of TSE CHR opened at C$21.90 on Wednesday. Chorus Aviation has a 1-year low of C$17.62 and a 1-year high of C$24.31. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The business’s 50 day moving average is C$21.63 and its two-hundred day moving average is C$21.80. The stock has a market capitalization of C$512.79 million, a P/E ratio of -18.10, a PEG ratio of 0.65 and a beta of 1.54.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.60 earnings per share (EPS) for the quarter. The business had revenue of C$323.57 million during the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%. As a group, research analysts expect that Chorus Aviation will post 0.3 EPS for the current year.

Chorus Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 29th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, December 12th. Chorus Aviation’s payout ratio is currently -6.61%.

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. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.