Chorus Aviation Inc. (TSE:CHR) Receives C$30.71 Consensus Target Price from Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have earned an average rating of “Buy” from the six ratings firms that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$30.71.

Several research analysts recently weighed in on CHR shares. National Bank Financial decreased their target price on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Scotiabank raised shares of Chorus Aviation from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$26.00 to C$30.00 in a research note on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Royal Bank Of Canada increased their target price on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce reduced their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st.

Chorus Aviation Price Performance

Shares of TSE CHR opened at C$22.59 on Friday. The stock has a market cap of C$528.94 million, a P/E ratio of 7.50, a P/E/G ratio of 0.65 and a beta of 1.54. The firm’s 50-day simple moving average is C$22.44 and its 200 day simple moving average is C$22.07. Chorus Aviation has a fifty-two week low of C$17.62 and a fifty-two week high of C$25.14. The company has a quick ratio of 0.53, a current ratio of 1.30 and a debt-to-equity ratio of 73.68.

Chorus Aviation (TSE:CHR) last announced its earnings results on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. Chorus Aviation had a return on equity of 14.89% and a net margin of 5.98%.The firm had revenue of C$320.19 million for the quarter. Equities analysts expect that Chorus Aviation will post 0.3 EPS for the current year.

Chorus Aviation Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.11 per share. This is a positive change from Chorus Aviation’s previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, March 13th. Chorus Aviation’s dividend payout ratio (DPR) is currently 5.32%.

Chorus Aviation Company Profile

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.