Chorus Aviation (TSE:CHR) Reaches New 12-Month High – Here’s Why

Shares of Chorus Aviation Inc. (TSE:CHR) reached a new 52-week high during trading on Monday . The stock traded as high as C$30.69 and last traded at C$30.65, with a volume of 16797 shares trading hands. The stock had previously closed at C$30.20.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. TD increased their price target on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Royal Bank Of Canada boosted their price objective on Chorus Aviation from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Stifel Nicolaus upped their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. BMO Capital Markets raised 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. Finally, Scotia raised their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a research note on Thursday, August 6th. Eight research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Chorus Aviation presently has an average rating of “Buy” and an average price target of C$32.39.

Chorus Aviation Price Performance

The firm has a market capitalization of C$675.29 million, a P/E ratio of 15.11, a P/E/G ratio of 0.65 and a beta of 1.77. The stock’s 50 day simple moving average is C$25.47 and its 200 day simple moving average is C$23.99. 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 posted its earnings results on Tuesday, August 4th. The company reported C$0.83 EPS for the quarter. The business had revenue of C$349.42 million for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. As a group, analysts expect that Chorus Aviation Inc. will post 0.3 earnings per share 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. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.5%. Chorus Aviation’s payout ratio is 19.19%.

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.