Shares of Chorus Aviation Inc (TSE:CHR) have received an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$10.13.
A number of equities analysts have recently weighed in on the company. CIBC boosted their price target on Chorus Aviation from C$10.50 to C$11.00 in a report on Thursday, January 4th. TD Securities raised Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 price target for the company in a report on Thursday. Finally, Scotiabank boosted their price target on Chorus Aviation from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, March 14th.
CHR stock traded up C$0.16 on Friday, reaching C$8.30. The company’s stock had a trading volume of 564,826 shares, compared to its average volume of 526,257. The stock has a market capitalization of $1,050.00, a P/E ratio of 6.32 and a beta of 0.68. Chorus Aviation has a one year low of C$7.15 and a one year high of C$9.86.
Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, February 15th. The company reported C$0.19 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.24 by C($0.05). The firm had revenue of C$356.56 million for the quarter, compared to analysts’ expectations of C$348.50 million. Chorus Aviation had a return on equity of 38.57% and a net margin of 4.02%.
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 17th. Stockholders of record on Thursday, March 29th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.78%. Chorus Aviation’s dividend payout ratio (DPR) is 36.64%.
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Chorus Aviation Company Profile
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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