Chorus Aviation (TSE:CHR) Price Target Raised to C$42.00

Chorus Aviation (TSE:CHR) had its price objective upped by Royal Bank Of Canada from C$39.00 to C$42.00 in a report issued on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in 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 report on Thursday, August 6th. Scotia increased their price target on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th. BMO Capital Markets lifted their price objective on shares of 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. Scotiabank boosted their price objective on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 15th. Finally, TD boosted their price objective on shares of 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. Seven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$37.06.

Chorus Aviation Trading Down 0.8%

CHR opened at C$36.20 on Wednesday. Chorus Aviation has a twelve month low of C$20.80 and a twelve month high of C$36.89. The company has a 50-day simple moving average of C$30.21 and a 200 day simple moving average of C$25.82. The company has a quick ratio of 0.53, a current ratio of 0.96 and a debt-to-equity ratio of 57.53. The stock has a market capitalization of C$817.03 million, a price-to-earnings ratio of 16.16, a P/E/G ratio of 0.65 and a beta of 1.26.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Monday, November 9th. The company reported C$0.68 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 3.96% and a return on equity of 10.59%. The firm had revenue of C$346.13 million for the quarter. Analysts predict that Chorus Aviation will post 0.30 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were paid a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.44 annualized dividend and a yield of 1.2%. Chorus Aviation’s dividend payout ratio (DPR) is 18.30%.

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.