Chorus Aviation Inc. (TSE:CHR) Given Consensus Rating of “Buy” by Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have earned an average recommendation of “Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$32.39.

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

Chorus Aviation Price Performance

CHR stock opened at C$27.98 on Friday. The firm has a 50 day moving average price of C$26.47 and a 200-day moving average price of C$24.62. Chorus Aviation has a 52-week low of C$19.56 and a 52-week high of C$30.73. The firm has a market capitalization of C$631.51 million, a price-to-earnings ratio of 14.13, a PEG ratio of 0.65 and a beta of 1.77. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97.

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

Chorus Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 15th. Chorus Aviation’s dividend payout ratio is currently 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.