Chorus Aviation Inc (CHR) Given Consensus Rating of “Buy” by Analysts
Chorus Aviation Inc (TSE:CHR) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$9.96.
A number of equities research analysts recently weighed in on CHR shares. CIBC raised their price objective on Chorus Aviation from C$10.50 to C$11.00 in a research report on Thursday, January 4th. Scotiabank raised their price objective on Chorus Aviation from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada dropped their price objective on Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th.
Shares of Chorus Aviation (TSE:CHR) traded down C$0.07 during trading on Tuesday, hitting C$8.28. The stock had a trading volume of 448,790 shares, compared to its average volume of 490,527. The stock has a market capitalization of $1,040.00, a price-to-earnings ratio of 6.32 and a beta of 0.68. Chorus Aviation has a 1 year low of C$7.07 and a 1 year high of C$9.86.
The firm also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 15th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Tuesday, February 27th. Chorus Aviation’s dividend payout ratio is presently 36.64%.
In other Chorus Aviation news, insider Scott Tapson sold 15,200 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of C$9.75, for a total value of C$148,200.00.
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 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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