Chorus Aviation Inc. (TSE:CHR) Receives Average Recommendation of “Buy” from Brokerages

Shares of Chorus Aviation Inc. (TSE:CHR) have received an average recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$30.88.

A number of research firms have commented on CHR. Scotiabank raised Chorus Aviation from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$26.00 to C$30.00 in a report on Tuesday, February 17th. National Bank Financial reduced their target price on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. TD lifted their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Stifel Nicolaus lifted their target price on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Royal Bank Of Canada lifted their target price on Chorus Aviation from C$31.00 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th.

Chorus Aviation Stock Up 1.8%

CHR stock opened at C$24.92 on Thursday. Chorus Aviation has a twelve month low of C$19.56 and a twelve month high of C$25.14. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. The firm has a market cap of C$572.71 million, a PE ratio of 9.58, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The business has a 50 day moving average of C$23.27 and a 200 day moving average of C$22.53.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share for the quarter. The company had revenue of C$325.42 million during the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%. On average, research analysts forecast that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a $0.11 dividend. This is an increase from Chorus Aviation’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, March 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. Chorus Aviation’s dividend payout ratio (DPR) is 10.38%.

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.