Chorus Aviation (TSE:CHR) Trading Up 0.8% - Still a Buy?

Key Points

• Chorus Aviation's stock price increased by 0.8% and reached a high of C$20.48, with a notable 35% increase in trading volume compared to its average.
• Analysts have raised their price targets for Chorus Aviation, with TD Securities setting a new target of C$29.00 and CIBC increasing theirs to C$30.00, reflecting a positive outlook for the stock.
• The company recently paid a quarterly dividend of $0.08, representing an annualized dividend yield of 1.6%, indicating a financial strategy focused on returning value to shareholders despite recent challenges.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) traded up 0.8% during trading on Monday . The stock traded as high as C$20.48 and last traded at C$20.32. 67,561 shares traded hands during mid-day trading, an increase of 35% from the average session volume of 49,932 shares. The stock had previously closed at C$20.15.

Wall Street Analysts Forecast Growth

CHR has been the subject of a number of recent research reports. TD Securities raised their price target 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. CIBC increased their target price on shares of Chorus Aviation from C$29.00 to C$30.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Scotiabank lifted their price target on shares of Chorus Aviation from C$23.50 to C$24.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their price target on shares of 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Chorus Aviation currently has a consensus rating of "Moderate Buy" and a consensus price target of C$19.48.

Chorus Aviation Stock Performance

The company has a quick ratio of 0.53, a current ratio of 1.13 and a debt-to-equity ratio of 118.79. The stock's fifty day moving average is C$21.64 and its two-hundred day moving average is C$20.48. The firm has a market capitalization of C$528.18 million, a price-to-earnings ratio of -22.09, a P/E/G ratio of 0.65 and a beta of 1.83.

Chorus Aviation Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. 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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