Chorus Aviation Inc. (TSE:CHR) Stock Rated “Buy” by Wall Street Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$33.17.

Several equities analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Scotiabank lifted their price target on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a report on Thursday, October 15th. BMO Capital Markets lifted their price target on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Scotia boosted their price objective on shares of 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, Royal Bank Of Canada boosted their price objective on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th.

Chorus Aviation Trading Down 1.5%

Shares of CHR stock opened at C$29.74 on Friday. The firm’s 50-day simple moving average is C$29.11 and its 200-day simple 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 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$671.23 million, a P/E ratio of 15.02, a PEG ratio of 0.65 and a beta of 1.43.

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

Chorus Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were issued a $0.11 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.5%. Chorus Aviation’s dividend payout ratio (DPR) is presently 19.19%.

About Chorus Aviation

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.