Chorus Aviation Inc. (TSE:CHR) Given Consensus Recommendation of “Buy” by Brokerages

Chorus Aviation Inc. (TSE:CHR) has been assigned an average rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is C$32.39.

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

Chorus Aviation Price Performance

Chorus Aviation stock opened at C$29.10 on Tuesday. Chorus Aviation has a 12-month low of C$19.56 and a 12-month high of C$29.10. The stock has a market cap of C$668.78 million, a P/E ratio of 14.70, a PEG ratio of 0.65 and a beta of 1.77. The company has a 50-day moving average price of C$24.77 and a 200 day moving average price of C$23.65. 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 (TSE:CHR) last posted its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The company 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%. Sell-side analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s dividend payout ratio (DPR) is 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.