Chorus Aviation (TSE:CHR) Hits New 12-Month High – What’s Next?

Chorus Aviation Inc. (TSE:CHR) shares hit a new 52-week high on Tuesday . The stock traded as high as C$25.28 and last traded at C$24.85, with a volume of 16549 shares. The stock had previously closed at C$25.05.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHR shares. Stifel Nicolaus upped their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. TD upped their target price on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. National Bank Financial lowered their target price on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Scotiabank upgraded shares of Chorus Aviation from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada upped 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. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Chorus Aviation currently has an average rating of “Buy” and a consensus price target of C$30.88.

Chorus Aviation Stock Down 0.4%

The firm’s 50-day moving average price is C$23.50 and its 200 day moving average price is C$22.58. The firm has a market capitalization of C$556.62 million, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53.

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

Chorus Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a $0.11 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.8%. Chorus Aviation’s dividend payout ratio is currently 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.