Brokerages Set Chorus Aviation Inc. (TSE:CHR) Price Target at C$32.39

Shares of Chorus Aviation Inc. (TSE:CHR) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$32.39.

A number of research analysts recently commented on CHR shares. Stifel Nicolaus upped their price target on shares of 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. BMO Capital Markets raised their price objective on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. TD boosted their price objective on Chorus Aviation from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Scotia increased their target price on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada upped their price objective on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a report on Thursday, August 6th.

Chorus Aviation Trading Up 2.1%

CHR stock opened at C$28.07 on Friday. Chorus Aviation has a one year low of C$19.56 and a one year high of C$30.73. The stock has a market cap of C$633.54 million, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 0.65 and a beta of 1.72. The company has a fifty day moving average price of C$26.81 and a two-hundred day moving average price of C$24.80. 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 issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The company had revenue of C$349.42 million for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. Equities analysts anticipate that Chorus Aviation will post 0.3 EPS for the current year.

Chorus Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Chorus Aviation’s dividend payout ratio (DPR) is currently 19.19%.

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.