Chorus Aviation Inc. (TSE:CHR) Receives C$30.88 Average Target Price from Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$30.88.

Separately, TD lifted their price target on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th.

Chorus Aviation Stock Down 1.8%

Shares of CHR opened at C$24.31 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. Chorus Aviation has a 12-month low of C$19.56 and a 12-month high of C$25.28. The firm has a fifty day moving average price of C$24.37 and a 200-day moving average price of C$23.21. The firm has a market capitalization of C$558.69 million, a P/E ratio of 9.35, a P/E/G ratio of 0.65 and a beta of 1.78.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. The business had revenue of C$325.42 million during the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. Equities research analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s dividend payout ratio (DPR) is presently 10.38%.

About Chorus Aviation

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.