Chorus Aviation Inc. (TSE:CHR) Receives C$12.88 Consensus PT from Analysts

Shares of Chorus Aviation Inc. (TSE:CHR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$12.88.

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

Chorus Aviation Stock Up 1.4%

CHR traded up C$0.32 during trading on Tuesday, hitting C$23.08. 38,974 shares of the company's stock traded hands, compared to its average volume of 51,588. The company's 50 day simple moving average is C$20.84 and its two-hundred day simple moving average is C$16.20. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 118.79. Chorus Aviation has a 12-month low of C$16.87 and a 12-month high of C$24.08. The stock has a market capitalization of C$626.86 million, a price-to-earnings ratio of -38.10, a PEG ratio of 0.65 and a beta of 2.14.

Chorus Aviation Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be paid a $0.08 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.32 dividend on an annualized basis and a yield of 1.39%. Chorus Aviation's dividend payout ratio (DPR) is -79.24%.

Chorus Aviation Company Profile

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.