Chorus Aviation Inc. (TSE:CHR) Receives Consensus Rating of "Moderate Buy" from Brokerages

Chorus Aviation Inc. (TSE:CHR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$12.88.

A number of research firms have issued reports on CHR. TD Securities raised their target price on Chorus Aviation from C$27.00 to C$29.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada boosted their price target on shares of Chorus Aviation from C$25.00 to C$27.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, CIBC boosted their price objective on Chorus Aviation from C$28.00 to C$29.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th.

Chorus Aviation Price Performance

Shares of TSE:CHR opened at C$21.99 on Tuesday. The company has a debt-to-equity ratio of 118.79, a current ratio of 1.13 and a quick ratio of 0.53. The stock's 50 day moving average price is C$20.54 and its 200 day moving average price is C$15.83. Chorus Aviation has a 12 month low of C$16.73 and a 12 month high of C$24.08. The stock has a market cap of C$597.26 million, a price-to-earnings ratio of -36.30, a PEG ratio of 0.65 and a beta of 2.14.

Chorus Aviation Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.46%. Chorus Aviation's payout ratio is -79.24%.

About Chorus Aviation

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.