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

Chorus Aviation Inc. (TSE:CHR) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$26.88 and last traded at C$26.19, with a volume of 36464 shares changing hands. The stock had previously closed at C$24.73.

Analyst Ratings Changes

Separately, TD increased their target price 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 Tuesday, July 28th. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$31.00.

Chorus Aviation Stock Performance

The company has a debt-to-equity ratio of 76.81, a quick ratio of 0.53 and a current ratio of 1.38. The company has a market capitalization of C$613.62 million, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78. The business has a 50 day moving average of C$24.51 and a 200-day moving average of C$23.47.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The firm had revenue of C$349.42 million for the quarter. On average, sell-side analysts predict that Chorus Aviation Inc. will post 0.3 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation’s dividend payout ratio is 10.38%.

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.