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

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$30.88.

Separately, TD boosted their price objective 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, May 12th.

Chorus Aviation Price Performance

CHR stock opened at C$24.85 on Monday. The company has a market cap of C$571.10 million, a P/E ratio of 9.56, a P/E/G ratio of 0.65 and a beta of 1.77. Chorus Aviation has a 52 week low of C$19.56 and a 52 week high of C$25.28. The company’s 50-day moving average price is C$23.95 and its 200 day moving average price is C$22.80. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. The firm had revenue of C$325.42 million for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. On average, research analysts expect that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.11 per share. The ex-dividend date is Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.8%. Chorus Aviation’s payout ratio is presently 10.38%.

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.