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

Key Points

• Chorus Aviation has a consensus “Buy” rating from all eight covering analysts, with an average 12-month price target of C$32.39 versus a recent share price of C$27.98.
• Several brokerages recently raised their targets, including RBC to C$39.00, Scotia to C$33.50, TD to C$34.00, BMO to C$32.00 and Stifel to C$33.00.
• The company reported quarterly revenue of C$349.42 million and earnings of C$0.83 per share, and announced a quarterly dividend of $0.11 per share, representing a 1.6% yield.

Shares of Chorus Aviation Inc. (TSE:CHR - Get Free Report) have received a consensus rating of "Buy" from the eight ratings firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is C$32.39.

Several analysts have weighed in on CHR shares. BMO Capital Markets lifted their price objective on Chorus Aviation from C$28.00 to C$32.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. Scotia increased their target price on 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. Royal Bank Of Canada raised their target price on Chorus Aviation from C$35.00 to C$39.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. TD lifted their price target on Chorus Aviation from C$33.00 to C$34.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Stifel Nicolaus upped their price target on Chorus Aviation from C$32.00 to C$33.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th.

Chorus Aviation Stock Down 0.2%

Shares of TSE CHR opened at C$27.98 on Friday. The firm has a fifty day simple moving average of C$26.47 and a two-hundred day simple moving average of C$24.62. Chorus Aviation has a 12 month low of C$19.56 and a 12 month high of C$30.73. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84. The firm has a market capitalization of C$631.51 million, a PE ratio of 14.13, a price-to-earnings-growth ratio of 0.65 and a beta of 1.77.

Chorus Aviation (TSE:CHR - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share 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. Equities analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.

Chorus Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.44 annualized dividend and a yield of 1.6%. Chorus Aviation's dividend payout ratio (DPR) is currently 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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