Chorus Aviation (TSE:CHR) Price Target Lowered to C$31.00 at CIBC

Chorus Aviation (TSE:CHR) had its target price decreased by CIBC from C$32.00 to C$31.00 in a report published on Wednesday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on CHR. Royal Bank Of Canada set a C$31.00 price target on Chorus Aviation and gave the company an “outperform” rating in a report on Tuesday, November 25th. TD Securities boosted their target price on Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Finally, BMO Capital Markets upped their target price on shares of Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Chorus Aviation has a consensus rating of “Moderate Buy” and a consensus price target of C$29.40.

Chorus Aviation Trading Down 0.0%

Shares of TSE CHR opened at C$21.90 on Wednesday. The firm’s 50 day moving average price is C$21.63 and its 200-day moving average price is C$21.80. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.31. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The company has a market cap of C$512.79 million, a PE ratio of -18.10, a P/E/G ratio of 0.65 and a beta of 1.54.

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

Chorus Aviation Announces Dividend

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

About Chorus Aviation

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.