Chorus Aviation (TSE:CHR) Hits New 1-Year High - Time to Buy?

Key Points

• Chorus Aviation reached a new 52-week high of C$29.10, up from its prior close of C$28.65.
• Analysts recently raised their price targets, with a consensus “Buy” rating and average target of C$32.39; targets range as high as C$39.00.
• The company reported quarterly EPS of C$0.83 on C$349.42 million in revenue and maintains a quarterly dividend of C$0.11 per share, yielding approximately 1.5%.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$29.10 and last traded at C$29.10, with a volume of 128309 shares. The stock had previously closed at C$28.65.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHR. Stifel Nicolaus raised their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. BMO Capital Markets upped their target price on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Scotia raised their target price on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a "sector outperform" rating in a research report on Thursday, August 6th. TD lifted their price target on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada upped their target price on Chorus Aviation from C$35.00 to C$39.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chorus Aviation presently has an average rating of "Buy" and a consensus price target of C$32.39.

Chorus Aviation Trading Up 1.6%

The firm has a market capitalization of C$668.78 million, a PE ratio of 14.70, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77. The company's 50-day simple moving average is C$24.77 and its 200 day simple moving average is C$23.65. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 60.84.

Chorus Aviation (TSE:CHR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The firm had revenue of C$349.42 million for the quarter. As a group, sell-side analysts expect that Chorus Aviation Inc. will post 0.3 EPS for the current year.

Chorus Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.11 per share. The ex-dividend date was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.5%. Chorus Aviation's payout ratio is presently 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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