Chorus Aviation (TSE:CHR) Price Target Raised to C$32.00 at Stifel Nicolaus

Chorus Aviation (TSE:CHR) had its price target hoisted by Stifel Nicolaus from C$31.00 to C$32.00 in a research note released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently commented on CHR. 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. Scotiabank reduced their price target on shares of Chorus Aviation from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 21st. Royal Bank Of Canada set a C$31.00 price objective on shares of Chorus Aviation and gave the stock an “outperform” rating in a research report on Tuesday, November 25th. Canadian Imperial Bank of Commerce reduced their target price on Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. Finally, TD Securities raised their target price on Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$30.14.

Chorus Aviation Stock Performance

Shares of TSE CHR opened at C$22.61 on Tuesday. The stock’s fifty day simple moving average is C$21.55 and its 200 day simple moving average is C$21.66. The stock has a market capitalization of C$529.41 million, a price-to-earnings ratio of 7.51, a PEG ratio of 0.65 and a beta of 1.46. The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.31.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. The business had revenue of C$320.19 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, sell-side analysts forecast that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 29th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. 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.