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

Key Points

• Consensus "Buy": Six analysts rate Chorus Aviation as a buy with an average 12-month price target of C$30.71, and several firms recently raised targets (RBC to C$35, Stifel to C$32) or upgraded ratings.
• Recent results show C$0.67 EPS on C$320.19 million revenue, a market cap of about C$543 million and a P/E of 7.7, with a one‑year trading range of C$17.70–C$25.14.
• Dividend increased: Chorus raised its quarterly dividend to C$0.11 (C$0.44 annualized), a 1.9% yield and a payout ratio of roughly 5.32%.

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

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

Chorus Aviation Price Performance

Chorus Aviation stock opened at C$23.19 on Wednesday. Chorus Aviation has a 1 year low of C$17.70 and a 1 year high of C$25.14. The firm has a 50 day moving average price of C$22.62 and a 200 day moving average price of C$22.34. The company has a market cap of C$542.99 million, a price-to-earnings ratio of 7.70, a PEG ratio of 0.65 and a beta of 1.49. The company has a debt-to-equity ratio of 73.68, a quick ratio of 0.53 and a current ratio of 1.30.

Chorus Aviation (TSE:CHR - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported C$0.67 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 5.98% and a return on equity of 14.89%. The firm had revenue of C$320.19 million during the quarter. Sell-side analysts predict that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.11 per share. This is an increase from Chorus Aviation's previous quarterly dividend of $0.08. This represents a $0.44 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, March 13th. Chorus Aviation's payout ratio is presently 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.

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