Chorus Aviation Inc. (TSE:CHR) Receives C$30.88 Consensus Target Price from Brokerages

Chorus Aviation Inc. (TSE:CHR) has been assigned an average rating of “Buy” from the seven research firms that are currently covering the company, MarketBeat.com reports. Seven investment 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$30.88.

Separately, TD upped 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, May 12th.

Chorus Aviation Stock Performance

CHR opened at C$24.56 on Monday. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53. Chorus Aviation has a fifty-two week low of C$19.56 and a fifty-two week high of C$25.28. The firm has a market capitalization of C$564.44 million, a PE ratio of 9.45, a P/E/G ratio of 0.65 and a beta of 1.77. The company’s 50-day moving average is C$24.09 and its 200 day moving average is C$22.91.

Chorus Aviation (TSE:CHR) last posted its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The company had revenue of C$325.42 million for the quarter. As a group, research analysts predict that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Dividend Announcement

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