Chorus Aviation Inc. (TSE:CHR) Stock Has Consensus Price Target of C$32.39 According to Analysts

Shares of Chorus Aviation Inc. (TSE:CHR) have earned an average rating of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$32.39.

A number of brokerages recently weighed in on CHR. Stifel Nicolaus raised their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. TD upped their price target 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 increased their price objective on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Scotia raised their price objective on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets raised their price objective on Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.

Chorus Aviation Price Performance

Shares of Chorus Aviation stock opened at C$29.04 on Wednesday. Chorus Aviation has a 52 week low of C$20.80 and a 52 week high of C$31.20. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84. The stock has a market cap of C$655.43 million, a PE ratio of 14.67, a price-to-earnings-growth ratio of 0.65 and a beta of 1.72. The company’s 50-day moving average price is C$28.37 and its two-hundred day moving average price is C$25.41.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The company had revenue of C$349.42 million for the quarter. As a group, sell-side analysts anticipate that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were given a $0.11 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.5%. Chorus Aviation’s dividend payout ratio (DPR) 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.