Chorus Aviation Inc. (TSE:CHR) Given Average Rating of “Buy” by Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$30.71.

Several equities research analysts have recently weighed in on CHR shares. Stifel Nicolaus increased their price objective on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. National Bank Financial dropped their target price on shares of 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. Royal Bank Of Canada upped their target price 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, February 19th. Canadian Imperial Bank of Commerce reduced their price target on shares of Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. Finally, Scotiabank upgraded shares of Chorus Aviation from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th.

Chorus Aviation Trading Down 1.9%

Chorus Aviation stock opened at C$22.38 on Friday. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$25.14. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.53 and a current ratio of 1.30. The firm has a market capitalization of C$524.03 million, a PE ratio of 7.44, a PEG ratio of 0.65 and a beta of 1.54. The business’s 50-day simple moving average is C$22.37 and its 200-day simple moving average is C$22.01.

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

Chorus Aviation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.11 dividend. The ex-dividend date 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 dividend payout ratio is 5.32%.

About Chorus Aviation

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.