Chorus Aviation (TSE:CHR) Price Target Raised to C$41.00

Chorus Aviation (TSE:CHR) had its price target boosted by National Bank Financial from C$29.00 to C$41.00 in a research report released on Wednesday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also weighed in on CHR. Scotiabank lifted their price objective on Chorus Aviation from C$33.50 to C$37.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 15th. BMO Capital Markets boosted their price objective on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. TD upped their target price 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. Scotia raised their target price on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada raised their target price on Chorus Aviation from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Chorus Aviation currently has an average rating of “Buy” and a consensus target price of C$37.06.

Chorus Aviation Price Performance

CHR stock opened at C$36.20 on Wednesday. The firm has a market cap of C$817.03 million, a price-to-earnings ratio of 16.16, a PEG ratio of 0.65 and a beta of 1.26. The company has a quick ratio of 0.53, a current ratio of 0.96 and a debt-to-equity ratio of 57.53. Chorus Aviation has a 12-month low of C$20.80 and a 12-month high of C$36.89. The company’s fifty day simple moving average is C$30.21 and its 200 day simple moving average is C$25.82.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings results on Monday, November 9th. The company reported C$0.68 EPS for the quarter. The business had revenue of C$346.13 million for the quarter. Chorus Aviation had a net margin of 3.96% and a return on equity of 10.59%. On average, analysts expect that Chorus Aviation will post 0.30 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were paid a $0.11 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.2%. Chorus Aviation’s payout ratio is currently 18.30%.

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.