Chorus Aviation (TSE:CHR) Trading 1.2% Higher - Should You Buy?

Key Points

• Chorus Aviation's shares rose by 1.2% to C$22.50 during mid-day trading, with a trading volume increase of 16% from average daily levels.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with recent price target upgrades to C$24.00 by Scotiabank and C$30.00 by CIBC.
• The company announced a quarterly dividend of $0.08 per share, resulting in an annualized yield of 1.4%.

Shares of Chorus Aviation Inc. (TSE:CHR - Get Free Report) were up 1.2% during mid-day trading on Tuesday . The company traded as high as C$22.63 and last traded at C$22.50. Approximately 59,466 shares were traded during trading, an increase of 16% from the average daily volume of 51,269 shares. The stock had previously closed at C$22.24.

Analyst Upgrades and Downgrades

CHR has been the topic of a number of recent research reports. Scotiabank raised their target price on Chorus Aviation from C$23.50 to C$24.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. CIBC upped their price target on Chorus Aviation from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$19.48.

Chorus Aviation Stock Performance

The firm has a market capitalization of C$578.86 million, a PE ratio of -24.46, a price-to-earnings-growth ratio of 0.65 and a beta of 1.69. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The business's fifty day simple moving average is C$20.97 and its 200-day simple moving average is C$20.56.

Chorus Aviation Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 15th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, July 31st.

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.

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