Chorus Aviation (TSE:CHR) Given New C$28.00 Price Target at National Bank Financial

Chorus Aviation (TSE:CHR) had its target price trimmed by National Bank Financial from C$29.00 to C$28.00 in a report issued on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

CHR has been the subject of several other research reports. Scotiabank dropped their price objective on shares of Chorus Aviation from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce decreased their price target on Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Stifel Nicolaus lifted their price objective on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their target price on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Finally, Royal Bank Of Canada set a C$31.00 target price on Chorus Aviation and gave the company an “outperform” rating in a research note on Tuesday, November 25th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$30.14.

Chorus Aviation Stock Up 5.2%

Shares of TSE CHR opened at C$22.61 on Tuesday. 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 business has a fifty day moving average of C$21.55 and a two-hundred day moving average of C$21.66. The stock has a market cap of C$529.41 million, a PE ratio of 7.51, a PEG ratio of 0.65 and a beta of 1.46.

Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, February 12th. The company reported C$0.67 earnings per share for the quarter. Chorus Aviation had a negative net margin of 7.57% and a negative return on equity of 11.70%. The business had revenue of C$320.19 million for the quarter. As a group, equities research analysts expect that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, December 12th. Chorus Aviation’s dividend 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.