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

Chorus Aviation Inc. (TSE:CHR) has earned a consensus recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$30.88.

Separately, TD increased their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th.

Chorus Aviation Stock Up 2.6%

Chorus Aviation stock opened at C$24.75 on Friday. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53. The company’s 50-day moving average is C$24.35 and its 200-day moving average is C$23.19. The firm has a market capitalization of C$568.80 million, a PE ratio of 9.52, a P/E/G ratio of 0.65 and a beta of 1.78. Chorus Aviation has a fifty-two week low of C$19.56 and a fifty-two week high of C$25.28.

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

Chorus Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.11 per share. The ex-dividend date was Monday, June 15th. This represents a $0.44 annualized dividend and a yield of 1.8%. Chorus Aviation’s dividend payout ratio (DPR) is presently 10.38%.

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.