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

Chorus Aviation Inc. (TSE:CHR) has received an average rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$30.71.

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. National Bank Financial decreased their price objective on shares of 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. Canadian Imperial Bank of Commerce reduced their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Finally, Scotiabank raised shares of Chorus Aviation from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th.

Chorus Aviation Price Performance

CHR opened at C$23.19 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 1.30 and a debt-to-equity ratio of 73.68. Chorus Aviation has a 52-week low of C$17.70 and a 52-week high of C$25.14. The company has a 50 day moving average of C$22.62 and a two-hundred day moving average of C$22.34. The company has a market cap of C$542.99 million, a P/E ratio of 7.70, a P/E/G ratio of 0.65 and a beta of 1.49.

Chorus Aviation (TSE:CHR) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 5.98% and a return on equity of 14.89%. The company had revenue of C$320.19 million during the quarter. On average, analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Chorus Aviation’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.9%. 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.