Chorus Aviation Inc (CHR) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Chorus Aviation Inc (TSE:CHR) have been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is C$9.96.
Several research analysts have recently commented on CHR shares. Royal Bank of Canada dropped their price target on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research note on Thursday, November 9th. CIBC increased their price target on shares of Chorus Aviation from C$8.75 to C$9.50 in a research note on Friday, October 13th. Finally, Scotiabank increased their price target on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research note on Thursday, November 9th.
In related news, insider Colin Copp sold 24,100 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total value of C$236,180.00. Also, Director Gary James Osborne sold 43,300 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total transaction of C$424,340.00. In the last 90 days, insiders have sold 160,846 shares of company stock worth $1,573,711.
The firm also recently declared a monthly dividend, which was paid on Monday, December 18th. Stockholders of record on Thursday, November 30th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.48 annualized dividend and a dividend yield of 4.96%. Chorus Aviation’s dividend payout ratio (DPR) is 38.10%.
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About Chorus Aviation
Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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