Chorus Aviation (TSE:CHR) had its price objective cut by National Bank Financial from C$10.00 to C$8.50 in a report released on Thursday morning. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Chorus Aviation’s FY2018 earnings at $0.87 EPS and FY2019 earnings at $1.17 EPS.

CHR has been the topic of a number of other research reports. CIBC cut their price objective on shares of Chorus Aviation from C$11.00 to C$10.50 in a research report on Wednesday, October 17th. Cormark set a C$11.00 price objective on shares of Chorus Aviation in a research report on Friday, August 10th. Canaccord Genuity cut their price objective on shares of Chorus Aviation from C$10.00 to C$8.50 in a research report on Thursday. Finally, TD Securities cut their price objective on shares of Chorus Aviation from C$9.50 to C$9.00 and set a buy rating on the stock in a research report on Thursday.

CHR stock opened at C$6.64 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 334.21. Chorus Aviation has a twelve month low of C$6.29 and a twelve month high of C$9.86.

The business also recently declared a monthly dividend, which was paid on Friday, November 16th. Stockholders of record on Wednesday, October 31st were issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date was Tuesday, October 30th. Chorus Aviation’s payout ratio is presently 52.40%.

In other news, insider Scott Tapson sold 21,204 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of C$7.70, for a total value of C$163,270.80.

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 700 departures per weekday to 59 destinations in Canada, as well as 15 destinations in the United States.

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