Chorus Aviation Inc. (TSE:CHR) Receives Average Rating of “Buy” from Analysts

Chorus Aviation Inc. (TSE:CHR) has received a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$32.39.

Several analysts recently commented on CHR shares. Scotia lifted their target price on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a report on Thursday, August 6th. TD raised their price objective on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Chorus Aviation from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Stifel Nicolaus increased their target price on Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets boosted their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th.

Chorus Aviation Trading Up 0.7%

Shares of TSE:CHR opened at C$30.40 on Tuesday. The company’s 50-day moving average price is C$25.36 and its two-hundred day moving average price is C$23.93. The company has a debt-to-equity ratio of 60.84, a current ratio of 0.97 and a quick ratio of 0.53. Chorus Aviation has a one year low of C$19.56 and a one year high of C$30.73. The stock has a market capitalization of C$686.13 million, a PE ratio of 15.35, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%.The company had revenue of C$349.42 million during the quarter. On average, equities analysts forecast that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.11 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.4%. Chorus Aviation’s dividend payout ratio (DPR) is presently 19.19%.

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.