Chorus Aviation Inc. (TSE:CHR) Receives C$30.88 Average Price Target from Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$30.88.

Separately, TD lifted their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th.

Chorus Aviation Stock Down 0.8%

CHR stock opened at C$24.56 on Monday. The firm has a market cap of C$564.44 million, a PE ratio of 9.45, a P/E/G ratio of 0.65 and a beta of 1.77. The company has a debt-to-equity ratio of 76.81, a quick ratio of 0.53 and a current ratio of 1.38. The firm’s fifty day moving average is C$24.09 and its 200 day moving average is C$22.90. Chorus Aviation has a one year low of C$19.56 and a one year high of C$25.28.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The business had revenue of C$325.42 million for the quarter. On average, research analysts forecast that Chorus Aviation will post 0.3 EPS for the current year.

Chorus Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.11 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.8%. Chorus Aviation’s dividend payout ratio (DPR) is 10.38%.

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.