Chorus Aviation (TSE:CHR) Reaches New 12-Month High – Still a Buy?

Shares of Chorus Aviation Inc. (TSE:CHR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$26.88 and last traded at C$26.19, with a volume of 36464 shares traded. The stock had previously closed at C$24.73.

Analyst Ratings Changes

Separately, TD lifted their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chorus Aviation presently has a consensus rating of “Buy” and a consensus target price of C$31.00.

Chorus Aviation Stock Up 8.0%

The stock’s 50-day moving average price is C$24.51 and its two-hundred day moving average price is C$23.47. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. The stock has a market capitalization of C$613.62 million, a P/E ratio of 10.27, a P/E/G ratio of 0.65 and a beta of 1.78.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 EPS 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$349.42 million for the quarter. As a group, research analysts expect that Chorus Aviation Inc. will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.11 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.6%. Chorus Aviation’s payout ratio is presently 10.38%.

About Chorus Aviation

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.