Chorus Aviation Inc. (TSE:CHR) Stock Has Consensus Price Target of C$33.17

Key Points

• Analyst sentiment is bullish: all eight covering research firms rate Chorus Aviation “Buy,” with a consensus 12-month price target of C$33.17. Recent target increases include RBC’s C$39.00 and Scotiabank’s C$37.00.
• Chorus Aviation shares opened at C$29.74, compared with a 12-month range of C$20.80 to C$31.20, and have 50-day and 200-day moving averages of C$29.11 and C$26.14, respectively.
• The company reported quarterly earnings of C$0.83 per share on C$349.42 million in revenue and pays a quarterly dividend of C$0.11, equivalent to an annualized C$0.44 and a 1.5% yield.

Chorus Aviation Inc. (TSE:CHR - Get Free Report) has been given a consensus recommendation of "Buy" by the eight research firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is C$33.17.

A number of analysts recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Scotia lifted 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 note on Thursday, August 6th. Stifel Nicolaus boosted their price target on Chorus Aviation from C$32.00 to C$33.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Scotiabank increased their price target on Chorus Aviation from C$33.50 to C$37.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 15th. Finally, TD raised their price objective on Chorus Aviation from C$33.00 to C$34.00 and gave the stock a "buy" rating in a report on Thursday, August 6th.

Chorus Aviation Price Performance

Chorus Aviation stock opened at C$29.74 on Friday. Chorus Aviation has a 12-month low of C$20.80 and a 12-month high of C$31.20. The stock has a market capitalization of C$671.23 million, a P/E ratio of 15.02, a P/E/G ratio of 0.65 and a beta of 1.43. The firm's 50-day moving average is C$29.11 and its two-hundred day moving average is C$26.14. The company has a debt-to-equity ratio of 60.84, a current ratio of 0.97 and a quick ratio of 0.53.

Chorus Aviation (TSE:CHR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The business had revenue of C$349.42 million during the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. Equities analysts predict that Chorus Aviation will post 0.30 earnings per share for the current year.

Chorus Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, September 15th. Chorus Aviation's dividend 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.

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.