Chorus Aviation (TSE:CHR) Hits New 1-Year High – Here’s Why

Chorus Aviation Inc. (TSE:CHR)’s stock price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as C$31.25 and last traded at C$31.21, with a volume of 30,150 shares traded. The stock had previously closed at C$29.84.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. TD upped their price objective on Chorus Aviation from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. BMO Capital Markets increased their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Royal Bank Of Canada boosted 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. Stifel Nicolaus increased their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Scotia raised their target price on Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Chorus Aviation has an average rating of “Buy” and an average price target of C$33.28.

Chorus Aviation Stock Up 3.2%

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 firm has a market capitalization of C$695.16 million, a price-to-earnings ratio of 15.56, a P/E/G ratio of 0.65 and a beta of 1.43. The stock has a 50 day moving average of C$29.22 and a 200 day moving average of C$25.24.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. The firm had revenue of C$349.42 million for the quarter. As a group, analysts expect that Chorus Aviation Inc. will post 0.30 earnings per share for the current fiscal year.

Chorus Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Chorus Aviation’s dividend payout ratio is presently 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.