Chorus Aviation Inc. (TSE:CHR) Receives C$30.71 Average Price Target from Brokerages

Chorus Aviation Inc. (TSE:CHR) has been given a consensus rating of “Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$30.71.

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

Chorus Aviation Trading Up 0.8%

TSE:CHR opened at C$22.55 on Friday. Chorus Aviation has a 12 month low of C$17.62 and a 12 month high of C$25.14. 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 market capitalization of C$528.01 million, a price-to-earnings ratio of 7.49, a PEG ratio of 0.65 and a beta of 1.54. The firm has a fifty day simple moving average of C$22.39 and a two-hundred day simple moving average of C$22.05.

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

Chorus Aviation Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from Chorus Aviation’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 2.0%. Chorus Aviation’s payout ratio is presently 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.