Chorus Aviation (TSE:CHR) Reaches New 1-Year High – What’s Next?

Shares of Chorus Aviation Inc. (TSE:CHR) reached a new 52-week high during trading on Monday . The stock traded as high as C$30.69 and last traded at C$30.65, with a volume of 16797 shares changing hands. The stock had previously closed at C$30.20.

Analysts Set New Price Targets

CHR has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD raised their target price on Chorus Aviation from C$33.00 to C$34.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Stifel Nicolaus lifted their price target on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada upped their price target on Chorus Aviation from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Scotia increased their price target on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, According to MarketBeat, Chorus Aviation presently has a consensus rating of “Buy” and an average price target of C$32.39.

Chorus Aviation Trading Up 1.1%

The company’s fifty day simple moving average is C$25.24 and its 200-day simple moving average is C$23.87. The firm has a market capitalization of C$689.29 million, a PE ratio of 15.42, a P/E/G ratio of 0.65 and a beta of 1.77. The company has a debt-to-equity ratio of 60.84, a current ratio of 0.97 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The firm had revenue of C$349.42 million during the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. As a group, sell-side analysts expect that Chorus Aviation Inc. 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 was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s payout ratio is 19.19%.

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.