Brokerages Set Chorus Aviation Inc. (TSE:CHR) PT at C$30.88

Chorus Aviation Inc. (TSE:CHR) has received an average rating of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$30.88.

Separately, TD lifted their price objective on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th.

Chorus Aviation Stock Down 1.6%

CHR stock opened at C$23.96 on Friday. Chorus Aviation has a 12-month low of C$19.56 and a 12-month high of C$25.28. The company has a quick ratio of 0.53, a current ratio of 1.38 and a debt-to-equity ratio of 76.81. The company has a market cap of C$550.65 million, a price-to-earnings ratio of 9.22, a PEG ratio of 0.65 and a beta of 1.78. The company has a 50 day moving average of C$24.39 and a two-hundred day moving average of C$23.29.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 EPS for the quarter. Chorus Aviation had a net margin of 5.16% and a return on equity of 12.73%. The business had revenue of C$325.42 million for the quarter. On average, equities analysts anticipate that Chorus Aviation will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.8%. Chorus Aviation’s dividend payout ratio (DPR) is 10.38%.

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.