Chorus Aviation (CHR) Given New C$9.00 Price Target at TD Securities

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Chorus Aviation (TSE:CHR) had its price objective cut by TD Securities from C$9.50 to C$9.00 in a report published on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also commented on the stock. Royal Bank of Canada reduced their price target on shares of Chorus Aviation from C$10.00 to C$9.50 and set an outperform rating for the company in a report on Tuesday, February 26th. Canaccord Genuity restated a buy rating and issued a C$8.75 price target on shares of Chorus Aviation in a report on Tuesday, February 26th. Scotiabank restated an average rating and issued a C$9.50 price target on shares of Chorus Aviation in a report on Friday, February 22nd. Finally, National Bank Financial boosted their price objective on shares of Chorus Aviation from C$8.50 to C$9.00 and gave the stock an outperform rating in a research note on Tuesday, January 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of C$9.46.

TSE:CHR opened at C$7.30 on Friday. Chorus Aviation has a one year low of C$4.54 and a one year high of C$8.03. The company has a debt-to-equity ratio of 255.76, a current ratio of 0.65 and a quick ratio of 0.44. The stock has a market capitalization of $1.01 billion and a PE ratio of 15.21.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Friday, February 22nd. The company reported C$0.25 EPS for the quarter, beating the consensus estimate of C$0.24 by C$0.01. The business had revenue of C$358.66 million during the quarter, compared to the consensus estimate of C$376.00 million. Research analysts forecast that Chorus Aviation will post 0.860000009424658 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 16th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, April 29th. This represents a $0.48 annualized dividend and a dividend yield of 6.58%. Chorus Aviation’s dividend payout ratio (DPR) is presently 100.00%.

In related news, Senior Officer Rick Flynn sold 96,546 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$7.20, for a total transaction of C$695,131.20. Following the completion of the transaction, the insider now owns 650,993 shares in the company, valued at approximately C$4,687,149.60. Also, Director Gary James Osborne sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$7.45, for a total transaction of C$186,250.00. In the last quarter, insiders have sold 148,146 shares of company stock valued at $1,001,081.

About Chorus Aviation

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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