Chorus Aviation Inc. (TSE:CHR) Stock Has Consensus Price Target of C$33.17

Chorus Aviation Inc. (TSE:CHR) has been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is C$33.17.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised 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 report on Thursday, August 6th. Scotia lifted their target price on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research note on Thursday, August 6th. Stifel Nicolaus boosted their price target 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. Scotiabank increased their price target on Chorus Aviation from C$33.50 to C$37.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 15th. Finally, TD raised their price objective 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$29.74 on Friday. Chorus Aviation has a 12-month low of C$20.80 and a 12-month high of C$31.20. The stock has a market capitalization of C$671.23 million, a P/E ratio of 15.02, a P/E/G ratio of 0.65 and a beta of 1.43. The firm’s 50-day moving average is C$29.11 and its two-hundred day moving average is C$26.14. The company has a debt-to-equity ratio of 60.84, a current ratio of 0.97 and a quick ratio of 0.53.

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

Chorus Aviation Announces Dividend

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