Chorus Aviation (TSE:CHR) PT Raised to C$10.00 at CIBC

Chorus Aviation (TSE:CHR) had its target price hoisted by CIBC from C$9.00 to C$10.00 in a research note released on Friday, BayStreet.CA reports.

Other equities analysts have also issued reports about the company. National Bank Financial reaffirmed an outperfrom under weight rating on shares of Chorus Aviation in a research report on Tuesday, August 13th. Royal Bank of Canada cut their target price on Chorus Aviation from C$9.50 to C$9.00 and set an outperform rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Chorus Aviation currently has an average rating of Buy and a consensus target price of C$9.21.

TSE CHR opened at C$8.16 on Friday. The stock has a market cap of $1.30 billion and a PE ratio of 10.42. Chorus Aviation has a fifty-two week low of C$4.54 and a fifty-two week high of C$8.30. The business has a 50 day moving average price of C$7.76 and a two-hundred day moving average price of C$7.67. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 269.58.

The firm also recently announced a monthly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend is Wednesday, October 30th. Chorus Aviation’s payout ratio is 61.30%.

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 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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