Chorus Aviation (TSE:CHR) Hits New 12-Month High – Should You Buy?

Chorus Aviation Inc. (TSE:CHR) reached a new 52-week high on Monday . The stock traded as high as C$24.31 and last traded at C$24.21, with a volume of 28782 shares trading hands. The stock had previously closed at C$24.15.

Wall Street Analyst Weigh In

Several equities analysts have commented on CHR shares. TD Securities upped their price target on Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Royal Bank Of Canada upped their target price on Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets raised their target price on Chorus Aviation from C$26.25 to C$28.00 in a research report on Monday, November 10th. National Bank Financial decreased their price target on shares of Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Finally, Scotiabank upgraded shares of Chorus Aviation from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$26.00 to C$30.00 in a research note on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Chorus Aviation presently has a consensus rating of “Buy” and an average price target of C$30.71.

Chorus Aviation Trading Up 2.4%

The firm has a market cap of C$578.82 million, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 0.65 and a beta of 1.46. The company’s fifty day moving average price is C$21.64 and its two-hundred day moving average price is C$21.70. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79.

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

Chorus Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 29th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, December 12th. Chorus Aviation’s dividend payout ratio is presently 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.