Chorus Aviation (TSE:CHR) Price Target Raised to C$32.00

Chorus Aviation (TSE:CHR) had its price target hoisted by Stifel Nicolaus from C$31.00 to C$32.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently issued reports on CHR. BMO Capital Markets boosted their price objective on Chorus Aviation from C$26.25 to C$28.00 in a report on Monday, November 10th. Royal Bank Of Canada set a C$31.00 price objective on shares of Chorus Aviation and gave the company an “outperform” rating in a report on Tuesday, November 25th. Canadian Imperial Bank of Commerce cut their price target on shares of Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday, January 21st. TD Securities boosted their price target on Chorus Aviation from C$30.00 to C$31.00 in a research note on Monday, November 10th. Finally, Scotiabank dropped their price target on shares of Chorus Aviation from C$27.00 to C$26.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$30.71.

Chorus Aviation Trading Up 7.5%

Shares of CHR stock opened at C$23.66 on Tuesday. The company’s 50-day moving average price is C$21.59 and its 200-day moving average price is C$21.68. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. The stock has a market cap of C$554.00 million, a price-to-earnings ratio of 7.86, a PEG ratio of 0.65 and a beta of 1.46. Chorus Aviation has a twelve month low of C$17.62 and a twelve month high of C$24.31.

Chorus Aviation (TSE:CHR) last released its earnings results on Thursday, February 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. The business had revenue of C$320.19 million for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%. As a group, equities analysts predict that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 29th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, December 12th. Chorus Aviation’s dividend payout ratio is 5.32%.

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.