Chorus Aviation (TSE:CHR) Hits New 12-Month High – Here’s Why

Chorus Aviation Inc. (TSE:CHR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$25.28 and last traded at C$25.24, with a volume of 34497 shares traded. The stock had previously closed at C$24.76.

Analyst Ratings Changes

Separately, TD upped their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$30.88.

Chorus Aviation Trading Up 1.3%

The stock has a market capitalization of C$576.62 million, a P/E ratio of 9.65, a PEG ratio of 0.65 and a beta of 1.78. The stock’s fifty day moving average price is C$24.42 and its 200 day moving average price is C$23.33. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR) last issued its earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The business had revenue of C$325.42 million for the quarter. Research analysts forecast that Chorus Aviation Inc. will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. Chorus Aviation’s dividend payout ratio is presently 10.38%.

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.