Chorus Aviation (TSE:CHR) Hits New 12-Month High – Should You Buy?

Chorus Aviation Inc. (TSE:CHR)’s share price reached a new 52-week high on Monday. The stock traded as high as C$32.08 and last traded at C$32.04, with a volume of 9,667 shares changing hands. The stock had previously closed at C$31.33.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CHR shares. TD upped their target price on Chorus Aviation from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. Royal Bank Of Canada lifted their price target on 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. Stifel Nicolaus boosted their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Scotia increased their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a report on Thursday, August 6th. Finally, Scotiabank raised their target price on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 15th. Seven analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$33.56.

Chorus Aviation Stock Up 8.3%

The business’s fifty day moving average price is C$29.70 and its 200 day moving average price is C$25.60. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 60.84. The firm has a market capitalization of C$804.62 million, a PE ratio of 18.01, a PEG ratio of 0.65 and a beta of 1.26.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Monday, November 9th. The company reported C$0.68 EPS for the quarter. The firm had revenue of C$346.13 million during the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. On average, equities research analysts forecast that Chorus Aviation Inc. will post 0.30 earnings per share for the current fiscal year.

Chorus Aviation Announces Dividend

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 dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%. Chorus Aviation’s dividend payout ratio (DPR) is currently 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.