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

Key Points

• Chorus Aviation has a consensus “Buy” rating from all eight covering analysts, with an average 12-month price target of C$32.39. Several brokerages recently raised their targets, including RBC to C$39.00.
• The stock opened at C$29.10, near its 12-month high, compared with a low of C$19.56. Chorus reported quarterly earnings of C$0.83 per share on revenue of C$349.42 million.
• The company paid a quarterly dividend of C$0.11 per share, equivalent to C$0.44 annually and a 1.5% yield, with a 19.19% payout ratio.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) has been assigned an average rating of "Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is C$32.39.

A number of research firms recently commented on CHR. Stifel Nicolaus upped their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their target price on Chorus Aviation from C$35.00 to C$39.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. BMO Capital Markets upped their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Scotia upped their price target on Chorus Aviation from C$31.00 to C$33.50 and gave the company a "sector outperform" rating in a research note on Thursday, August 6th. Finally, TD increased their price target on Chorus Aviation from C$33.00 to C$34.00 and gave the stock a "buy" rating in a report on Thursday, August 6th.

Chorus Aviation Price Performance

Chorus Aviation stock opened at C$29.10 on Tuesday. Chorus Aviation has a 12-month low of C$19.56 and a 12-month high of C$29.10. The stock has a market cap of C$668.78 million, a P/E ratio of 14.70, a PEG ratio of 0.65 and a beta of 1.77. The company has a 50-day moving average price of C$24.77 and a 200 day moving average price of C$23.65. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84.

Chorus Aviation (TSE:CHR - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The company had revenue of C$349.42 million for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. Sell-side analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Chorus Aviation's dividend payout ratio (DPR) is 19.19%.

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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