Chorus Aviation (TSE:CHR) Price Target Raised to C$33.00

Chorus Aviation (TSE:CHR) had its price objective increased by TD from C$32.00 to C$33.00 in a research note issued to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Chorus Aviation Stock Down 1.4%

TSE:CHR opened at C$24.78 on Tuesday. The company has a market capitalization of C$569.49 million, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.65 and a beta of 1.78. Chorus Aviation has a one year low of C$19.56 and a one year high of C$25.45. The stock has a 50-day simple moving average of C$24.49 and a 200 day simple moving average of C$23.41. The company has a debt-to-equity ratio of 76.81, a quick ratio of 0.53 and a current ratio of 1.38.

Chorus Aviation (TSE:CHR) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The firm had revenue of C$325.42 million for the quarter. Sell-side analysts predict that Chorus Aviation will post 0.3 EPS for the current fiscal year.

Chorus Aviation Announces Dividend

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

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.