Chorus Aviation Inc. (TSE:CHR) Receives C$30.14 Average Target Price from Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned an average rating of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$30.71.

CHR has been the subject of a number of analyst reports. TD Securities upped their price target on Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Stifel Nicolaus boosted their price objective on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada increased their price target on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets raised their price objective on Chorus Aviation from C$26.25 to C$28.00 in a research report on Monday, November 10th. Finally, Scotiabank raised Chorus Aviation from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$26.00 to C$30.00 in a research report on Tuesday.

Chorus Aviation Stock Up 7.5%

Shares of CHR opened at C$23.66 on Tuesday. The company has a market cap of C$554.00 million, a PE ratio of 7.86, a P/E/G ratio of 0.65 and a beta of 1.46. The business has a fifty day moving average of C$21.59 and a 200 day moving average of C$21.68. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.31. 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 (TSE:CHR) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The firm had revenue of C$320.19 million for the quarter. On average, sell-side analysts expect that Chorus Aviation will post 0.3 EPS for the current year.

Chorus Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 29th were paid a $0.08 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. Chorus Aviation’s dividend payout ratio (DPR) is currently 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.