Chorus Aviation (TSE:CHR) Upgraded at Scotiabank

Scotiabank upgraded shares of Chorus Aviation (TSE:CHR) from a hold rating to an outperform rating in a report issued on Tuesday morning, Marketbeat reports. They currently have C$30.00 target price on the stock, up from their prior target price of C$26.00.

Several other research analysts also recently commented on the stock. Royal Bank Of Canada set a C$31.00 price target on shares of Chorus Aviation and gave the stock an “outperform” rating in a research note on Tuesday, November 25th. TD Securities boosted their price target on shares of Chorus Aviation from C$30.00 to C$31.00 in a research note on Monday, November 10th. BMO Capital Markets raised their price objective on Chorus Aviation from C$26.25 to C$28.00 in a research note on Monday, November 10th. Stifel Nicolaus boosted their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce decreased their price objective on shares of Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$30.71.

Chorus Aviation Price Performance

TSE:CHR opened at C$23.66 on Tuesday. Chorus Aviation has a 52-week low of C$17.62 and a 52-week high of C$24.31. The stock has a fifty day moving average of C$21.59 and a 200 day moving average of C$21.68. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The firm has a market capitalization of C$554.00 million, a price-to-earnings ratio of 7.86, a P/E/G ratio of 0.65 and a beta of 1.46.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.67 EPS for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%.The company had revenue of C$320.19 million during the quarter. On average, research analysts expect that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 29th were given a $0.08 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 1.4%. Chorus Aviation’s dividend payout ratio is presently 5.32%.

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.