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

Chorus Aviation Inc. (TSE:CHR) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as C$32.08 and last traded at C$32.04, with a volume of 9,667 shares. The stock had previously closed at C$31.33.

Analyst Ratings Changes

CHR has been the subject of several analyst reports. Stifel Nicolaus raised 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 report on Thursday, August 6th. TD upped their price objective on shares of Chorus Aviation from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 27th. Royal Bank Of Canada increased their price objective on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Scotiabank lifted their target price on shares of Chorus Aviation from C$33.50 to C$37.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 15th. Finally, Scotia boosted 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. Seven equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, Chorus Aviation currently has an average rating of “Buy” and a consensus price target of C$33.28.

Chorus Aviation Trading Up 5.5%

The firm’s 50-day moving average price is C$29.45 and its 200-day moving average price is C$25.48. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 60.84. The company has a market cap of C$746.16 million, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26.

Chorus Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 15th. Chorus Aviation’s dividend 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.