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

Chorus Aviation Inc. (TSE:CHR)’s stock price reached a new 52-week high during mid-day trading on Friday. The company traded as high as C$30.75 and last traded at C$30.45, with a volume of 6001 shares changing hands. The stock had previously closed at C$30.50.

Analysts Set New Price Targets

Several brokerages recently commented on CHR. Scotia increased their price target on Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a research report on Thursday, August 6th. BMO Capital Markets boosted their price target on 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. Stifel Nicolaus upped their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada increased 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. Finally, TD raised their target price on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$32.39.

Chorus Aviation Stock Performance

The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97. The stock’s fifty day moving average price is C$27.66 and its 200-day moving average price is C$25.09. The company has a market capitalization of C$688.38 million, a P/E ratio of 15.40, a PEG ratio of 0.65 and a beta of 1.72.

Chorus Aviation (TSE:CHR) last issued its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The business had revenue of C$349.42 million during the quarter. As a group, research analysts anticipate that Chorus Aviation Inc. will post 0.3 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Chorus Aviation’s dividend payout ratio (DPR) is presently 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.