Chorus Aviation Inc. (TSE:CHR) Receives C$30.71 Consensus PT from Brokerages

Chorus Aviation Inc. (TSE:CHR) has been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is C$30.71.

Several brokerages recently issued reports on CHR. Royal Bank Of Canada increased their price objective on Chorus Aviation from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. 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 report on Tuesday, February 17th. Canadian Imperial Bank of Commerce cut their target price on Chorus Aviation from C$32.00 to C$31.00 in a report on Wednesday, January 21st. 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 report on Tuesday, February 17th. Finally, National Bank Financial cut their target price on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th.

Chorus Aviation Price Performance

Shares of TSE:CHR opened at C$23.19 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. Chorus Aviation has a 1 year low of C$19.43 and a 1 year high of C$25.14. The business has a fifty day simple moving average of C$23.13 and a 200 day simple moving average of C$22.45. The firm has a market cap of C$542.99 million, a price-to-earnings ratio of 7.70, a P/E/G ratio of 0.65 and a beta of 1.60.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The business had revenue of C$325.42 million during the quarter. As a group, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.9%. This is an increase from Chorus Aviation’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 13th. Chorus Aviation’s dividend payout ratio is 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.