Chorus Aviation Inc. (TSE:CHR) Given Consensus Recommendation of "Buy" by Analysts

Key Points

• Analysts have a consensus "Buy" rating on Chorus Aviation from six firms, with an average 12‑month price target of C$30.71; notable moves include RBC lifting its target to C$35 and Scotiabank upgrading the shares to outperform.
• Recent results showed C$0.67 EPS on C$320.19 million in revenue; the stock trades around C$23.88 with a PE of 7.93 and a market capitalization near C$559 million, implying potential upside to analyst targets.
• Dividend increased to C$0.11 per quarter (annualized C$0.44), representing a 1.8% yield and a payout ratio of about 5.3%.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) has earned an average recommendation of "Buy" from the six ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$30.71.

Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Chorus Aviation from C$31.00 to C$35.00 and gave the stock an "outperform" rating in a report on Thursday, February 19th. National Bank Financial cut their target price on shares of Chorus Aviation from C$29.00 to C$28.00 and set an "outperform" rating for the company in a research report on Tuesday, February 17th. Canadian Imperial Bank of Commerce cut their target price on shares of Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Stifel Nicolaus upped their price target on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Finally, Scotiabank upgraded shares of Chorus Aviation from a "hold" rating to an "outperform" rating and upped their price target for the stock from C$26.00 to C$30.00 in a research report on Tuesday, February 17th.

Chorus Aviation Stock Up 2.3%

Shares of Chorus Aviation stock opened at C$23.88 on Friday. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.53 and a current ratio of 1.30. The stock has a market capitalization of C$559.15 million, a PE ratio of 7.93, a price-to-earnings-growth ratio of 0.65 and a beta of 1.49. Chorus Aviation has a 52-week low of C$18.88 and a 52-week high of C$25.14. The company has a 50-day simple moving average of C$23.16 and a two-hundred day simple moving average of C$22.43.

Chorus Aviation (TSE:CHR - Get Free Report) last issued 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 during the quarter. Chorus Aviation had a net margin of 5.98% and a return on equity of 14.89%. On average, analysts anticipate that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a dividend of $0.11 per share. This is a positive change from Chorus Aviation's previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, March 13th. Chorus Aviation's dividend payout ratio (DPR) is currently 5.32%.

Chorus Aviation Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.