Chorus Aviation Inc (TSE:CHR) had its price objective cut by National Bank Financial from C$10.00 to C$8.50 in a report released on Thursday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Chorus Aviation’s Q4 2017 earnings at $0.22 EPS, FY2017 earnings at $0.80 EPS, Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $1.12 EPS.

Several other equities analysts have also issued reports on the company. Scotiabank increased their target price on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an outperform rating in a research note on Monday, May 15th. Canaccord Genuity reaffirmed a buy rating and issued a C$9.00 price target on shares of Chorus Aviation in a research report on Monday, June 5th. TD Securities increased their price target on Chorus Aviation from C$8.50 to C$9.50 and gave the company a buy rating in a research report on Friday, August 11th. CIBC increased their price target on Chorus Aviation from C$8.25 to C$8.75 and gave the company an outperform rating in a research report on Friday, August 11th. Finally, Royal Bank Of Canada increased their price target on Chorus Aviation from C$8.00 to C$8.50 and gave the company an outperform rating in a research report on Friday, August 11th. Six investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of C$9.08.

Shares of Chorus Aviation (CHR) opened at 8.23 on Thursday. Chorus Aviation has a 52-week low of $5.92 and a 52-week high of $8.26. The stock has a 50 day moving average of $8.00 and a 200-day moving average of $7.63. The stock has a market capitalization of $1.01 billion and a P/E ratio of 10.29.

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The business also recently declared a monthly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 31st were given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date was Thursday, July 27th.

In other news, insider Rick Flynn sold 67,500 shares of the stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of C$7.56, for a total value of C$510,300.00. Also, insider Jolene Mahody sold 57,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of C$8.15, for a total value of C$464,550.00. Insiders sold a total of 1,066,269 shares of company stock worth $8,374,866 in the last ninety days.

About Chorus Aviation

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.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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