Chorus Aviation Inc. (TSE:CHR) Stock Has Consensus Price Target of C$32.39

Key Points

• Analysts are broadly bullish: all eight covering brokerages rate Chorus Aviation a “Buy,” with a consensus 1-year price target of C$32.39. Several firms recently raised their targets, including RBC to C$39.00.
• Chorus Aviation shares opened at C$30.55, near their 52-week high of C$31.20, and are trading above both their 50-day and 200-day moving averages.
• The company reported quarterly earnings of C$0.83 per share on revenue of C$349.42 million and declared a quarterly dividend of $0.11 per share, representing a 1.4% yield and a 19.19% payout ratio.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) has received an average recommendation of "Buy" from the eight brokerages that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$32.39.

A number of analysts recently commented on the stock. TD lifted their target price on shares of Chorus Aviation from C$33.00 to C$34.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Scotia raised their price target on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a "sector outperform" rating in a report on Thursday, August 6th. Royal Bank Of Canada lifted their price objective on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the stock an "outperform" rating in a research note on Thursday, August 6th. Stifel Nicolaus boosted their price objective on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, BMO Capital Markets upped their target price 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.

Chorus Aviation Trading Up 0.9%

Chorus Aviation stock opened at C$30.55 on Wednesday. The stock has a 50-day moving average of C$28.03 and a two-hundred day moving average of C$25.26. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97. Chorus Aviation has a one year low of C$20.80 and a one year high of C$31.20. The stock has a market cap of C$689.51 million, a PE ratio of 15.43, a price-to-earnings-growth ratio of 0.65 and a beta of 1.72.

Chorus Aviation (TSE:CHR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%.The business had revenue of C$349.42 million for the quarter. On average, research analysts anticipate that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. Chorus Aviation's payout ratio is presently 19.19%.

About Chorus Aviation

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.