Chorus Aviation Inc. (TSE:CHR) Receives C$30.71 Average PT from Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have received a consensus rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$30.71.

A number of equities research analysts have recently issued reports on CHR shares. Royal Bank Of Canada upped their price target on Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Scotiabank upgraded Chorus Aviation from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$26.00 to C$30.00 in a report on Tuesday, February 17th. National Bank Financial decreased their price target on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Stifel Nicolaus upped their price target on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce decreased their price target on Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday, January 21st.

Chorus Aviation Price Performance

TSE:CHR opened at C$23.20 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.53 and a debt-to-equity ratio of 73.68. The stock has a 50 day moving average of C$22.73 and a two-hundred day moving average of C$22.36. The firm has a market cap of C$543.23 million, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 0.65 and a beta of 1.49. Chorus Aviation has a 12 month low of C$18.05 and a 12 month high of C$25.14.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. The business had revenue of C$320.19 million during the quarter. Chorus Aviation had a return on equity of 14.89% and a net margin of 5.98%. On average, analysts expect that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.11 dividend. The ex-dividend date was Friday, March 13th. This is an increase from Chorus Aviation’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 1.9%. Chorus Aviation’s payout ratio is 5.32%.

Chorus Aviation Company Profile

Chorus is a holding company which owns the following principal operating subsidiaries: 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; Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines; and Elisen & Associates, a leading provider of aerospace engineering and certification services.