Analysts Set Chorus Aviation Inc. (TSE:CHR) PT at C$30.88

Shares of Chorus Aviation Inc. (TSE:CHR) have received a consensus rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is C$30.88.

Several equities research analysts recently commented on CHR shares. Royal Bank Of Canada lifted their target price on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. National Bank Financial cut their target price on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Scotiabank upgraded shares of Chorus Aviation from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th. Stifel Nicolaus lifted their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Finally, TD lifted their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th.

Chorus Aviation Stock Performance

Shares of Chorus Aviation stock opened at C$24.22 on Thursday. Chorus Aviation has a fifty-two week low of C$19.56 and a fifty-two week high of C$25.28. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53. The firm has a market capitalization of C$556.62 million, a P/E ratio of 9.32, a P/E/G ratio of 0.65 and a beta of 1.60. The company’s 50 day moving average price is C$23.50 and its two-hundred day moving average price is C$22.58.

Chorus Aviation (TSE:CHR) last issued its earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The firm had revenue of C$325.42 million for the quarter. On average, equities analysts forecast that Chorus Aviation 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 will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, June 15th. 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.