Chorus Aviation Inc. (TSE:CHR) Receives Consensus Rating of “Buy” from Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have been given an average rating of “Buy” by the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$32.39.

CHR has been the subject of a number of research analyst reports. Scotia raised their target price 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. Royal Bank Of Canada increased their price target 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. BMO Capital Markets raised 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. TD raised their price objective on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, August 6th.

Chorus Aviation Trading Up 1.6%

CHR opened at C$29.10 on Tuesday. Chorus Aviation has a 52 week low of C$19.56 and a 52 week high of C$29.10. 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 business has a fifty day simple moving average of C$24.77 and a 200-day simple moving average of C$23.65. The firm has a market cap of C$668.78 million, a P/E ratio of 14.70, a P/E/G ratio of 0.65 and a beta of 1.77.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%.The firm had revenue of C$349.42 million for the quarter. On average, equities analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

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