Chorus Aviation (TSE:CHR) Trading Down 0.4% – Here’s What Happened

Chorus Aviation Inc. (TSE:CHR)’s stock price traded down 0.4% during trading on Wednesday . The stock traded as low as C$21.44 and last traded at C$21.45. 12,485 shares traded hands during trading, a decline of 76% from the average session volume of 51,300 shares. The stock had previously closed at C$21.54.

Analyst Upgrades and Downgrades

CHR has been the subject of several analyst reports. BMO Capital Markets raised their price objective on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. TD Securities boosted their price target on Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. CIBC decreased their target price on shares of Chorus Aviation from C$33.00 to C$32.00 in a research note on Monday, November 10th. Finally, Royal Bank Of Canada set a C$31.00 target price on shares of Chorus Aviation and gave the stock an “outperform” rating in a report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$29.20.

Chorus Aviation Trading Down 0.4%

The business has a 50 day moving average of C$22.11 and a two-hundred day moving average of C$21.77. The firm has a market cap of C$502.25 million, a P/E ratio of -17.73, a PEG ratio of 0.65 and a beta of 1.37. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.60 EPS for the quarter. The firm had revenue of C$323.57 million for the quarter. Chorus Aviation had a negative net margin of 7.57% and a negative return on equity of 11.70%. Analysts predict that Chorus Aviation Inc. will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 29th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, December 12th. Chorus Aviation’s payout ratio is currently -6.61%.

Chorus Aviation Company Profile

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.