Chorus Aviation (TSE:CHR) Reaches New 1-Year High – What’s Next?

Chorus Aviation Inc. (TSE:CHR)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$29.10 and last traded at C$29.10, with a volume of 128309 shares. The stock had previously closed at C$28.65.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CHR shares. TD increased their price objective on 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 upped their price target on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Scotia increased their price target on shares of 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. BMO Capital Markets raised their price objective on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, Stifel Nicolaus boosted their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$32.39.

Chorus Aviation Stock Performance

The firm has a fifty day simple moving average of C$25.00 and a 200-day simple moving average of C$23.76. The company has a market cap of C$688.31 million, a PE ratio of 15.13, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 60.84.

Chorus Aviation (TSE:CHR) last posted its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The business had revenue of C$349.42 million during the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. On average, research analysts forecast that Chorus Aviation Inc. will post 0.3 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

The company also recently declared 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 of this dividend was Monday, June 15th. This represents a $0.44 annualized dividend and a yield of 1.5%. Chorus Aviation’s payout ratio is 19.19%.

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.