Chorus Aviation Inc (CHR) Given Consensus Recommendation of “Buy” by Analysts

Shares of Chorus Aviation Inc (TSE:CHR) have been assigned an average recommendation of “Buy” from the six analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$9.96.

Several analysts recently issued reports on CHR shares. CIBC boosted their price objective on shares of Chorus Aviation from C$8.75 to C$9.50 in a report on Friday, October 13th. Scotiabank increased their price objective on Chorus Aviation from C$10.00 to C$10.50 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada decreased their price objective on Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating for the company in a report on Thursday, November 9th.

In related news, insider Colin Copp sold 24,100 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$9.80, for a total transaction of C$236,180.00. Also, Director Gary James Osborne sold 43,300 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total value of C$424,340.00. Over the last quarter, insiders have sold 160,846 shares of company stock worth $1,573,711.

Chorus Aviation (TSE:CHR) traded down C$0.19 during trading hours on Friday, hitting C$9.22. 216,521 shares of the stock traded hands, compared to its average volume of 318,539. The stock has a market cap of $1,160.00, a price-to-earnings ratio of 7.37 and a beta of 0.57. Chorus Aviation has a 52-week low of C$7.01 and a 52-week high of C$9.86.

Chorus Aviation (TSE:CHR) last announced its earnings results on Wednesday, November 8th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.26 by C$0.13. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%.

The business also recently announced a monthly dividend, which will be paid on Friday, February 16th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.48 annualized dividend and a dividend yield of 5.21%. Chorus Aviation’s payout ratio is currently 38.10%.

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Chorus Aviation Company Profile

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.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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