Chorus Aviation (TSE:CHR) Reaches New 52-Week High – Time to Buy?

Chorus Aviation Inc. (TSE:CHR)’s share price reached a new 52-week high on Monday . The stock traded as high as C$24.31 and last traded at C$24.21, with a volume of 28782 shares changing hands. The stock had previously closed at C$24.15.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHR shares. Scotiabank raised shares of Chorus Aviation from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$26.00 to C$30.00 in a research report on Tuesday, February 17th. Stifel Nicolaus lifted their price target on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. National Bank Financial reduced their price objective on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. TD Securities increased their price objective on Chorus Aviation from C$30.00 to C$31.00 in a report on Monday, November 10th. Finally, Canadian Imperial Bank of Commerce dropped their target price on Chorus Aviation from C$32.00 to C$31.00 in a research report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$30.71.

Chorus Aviation Stock Up 0.9%

The firm has a market cap of C$582.33 million, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.65 and a beta of 1.46. 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 firm has a fifty day moving average of C$21.84 and a 200-day moving average of C$21.77.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.67 earnings per share for the quarter. The firm had revenue of C$320.19 million for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%. On average, equities research analysts anticipate that Chorus Aviation Inc. will post 0.3 earnings per share for the current year.

Chorus Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 29th were paid a $0.08 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. Chorus Aviation’s dividend payout ratio (DPR) is currently 5.32%.

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.