Chorus Aviation (TSE:CHR) Sets New 12-Month High Following Analyst Upgrade

Chorus Aviation Inc. (TSE:CHR)’s share price reached a new 52-week high during trading on Tuesday after TD raised their price target on the stock from C$32.00 to C$33.00. TD currently has a buy rating on the stock. Chorus Aviation traded as high as C$25.28 and last traded at C$25.24, with a volume of 34497 shares changing hands. The stock had previously closed at C$24.76.

Chorus Aviation Stock Performance

The company has a market cap of C$572.94 million, a price-to-earnings ratio of 9.59, a P/E/G ratio of 0.65 and a beta of 1.78. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81. The stock’s 50 day moving average price is C$24.48 and its 200 day moving average price is C$23.39.

Chorus Aviation (TSE:CHR) last released 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 for the quarter. On average, analysts expect that Chorus Aviation Inc. will post 0.3 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, June 15th. Chorus Aviation’s dividend payout ratio (DPR) is 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.