Chorus Aviation Inc. (TSE:CHR) Given Consensus Recommendation of “Buy” by Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have been assigned a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have covered the stock in the last year is C$30.88.

A number of research firms have recently commented on CHR. Scotiabank upgraded Chorus Aviation from a “hold” rating to an “outperform” rating and raised their target price for the company from C$26.00 to C$30.00 in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their target price on Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. TD raised 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, May 12th. Stifel Nicolaus raised 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, February 17th. Finally, National Bank Financial lowered their target price on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th.

Chorus Aviation Trading Up 1.8%

CHR opened at C$24.92 on Thursday. The stock has a market cap of C$572.71 million, a PE ratio of 9.58, a PEG ratio of 0.65 and a beta of 1.60. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. The business has a 50 day moving average of C$23.27 and a 200-day moving average of C$22.53. Chorus Aviation has a 52 week low of C$19.56 and a 52 week high of C$25.14.

Chorus Aviation (TSE:CHR) last released its earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. The company had revenue of C$325.42 million during the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. Equities research analysts predict that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.11 per share. This is a boost from Chorus Aviation’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.8%. 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.