Chorus Aviation Inc. (TSE:CHR) Stock Rated “Buy” by Wall Street Analysts

Chorus Aviation Inc. (TSE:CHR) has been given a consensus recommendation of “Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$32.39.

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

Chorus Aviation Price Performance

TSE CHR opened at C$29.84 on Wednesday. The firm’s fifty day simple moving average is C$28.56 and its two-hundred day simple moving average is C$25.51. The firm has a market capitalization of C$673.49 million, a P/E ratio of 15.07, a P/E/G ratio of 0.65 and a beta of 1.43. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84. Chorus Aviation has a 12-month low of C$20.80 and a 12-month high of C$31.20.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. The firm had revenue of C$349.42 million during the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. 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 Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.5%. Chorus Aviation’s dividend payout ratio (DPR) is currently 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.