Chorus Aviation (TSE:CHR) Price Target Raised to C$37.00

Chorus Aviation (TSE:CHR) had its price objective increased by Scotiabank from C$33.50 to C$37.00 in a research note published on Thursday morning,BayStreet reports. Scotiabank currently has a sector outperform rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Scotia upped their price objective on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th. TD increased their target price on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased their target price on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. BMO Capital Markets raised their target price on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus raised their target price on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$33.17.

Chorus Aviation Price Performance

TSE:CHR opened at C$29.97 on Thursday. The company has a debt-to-equity ratio of 60.84, a current ratio of 0.97 and a quick ratio of 0.53. The company has a 50 day moving average price of C$29.10 and a 200-day moving average price of C$25.88. Chorus Aviation has a 1-year low of C$20.80 and a 1-year high of C$31.20. The firm has a market cap of C$676.42 million, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. The firm had revenue of C$349.42 million for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. Equities research analysts forecast that Chorus Aviation will post 0.30 EPS for the current year.

Chorus Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. Chorus Aviation’s payout ratio 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.