Chorus Aviation (TSE:CHR) Reaches New 1-Year High Following Analyst Upgrade

Chorus Aviation Inc. (TSE:CHR)’s share price reached a new 52-week high on Tuesday after TD raised their price target on the stock from C$32.00 to C$33.00. TD currently has a buy rating on the stock. Chorus Aviation traded as high as C$25.28 and last traded at C$25.24, with a volume of 34497 shares traded. The stock had previously closed at C$24.76.

Chorus Aviation Stock Down 1.3%

The company has a 50-day simple moving average of C$24.48 and a 200 day simple moving average of C$23.39. The company has a market cap of C$577.54 million, a P/E ratio of 9.67, a P/E/G ratio of 0.65 and a beta of 1.78. The company has a current ratio of 1.38, a quick ratio of 0.53 and a debt-to-equity ratio of 76.81.

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

Chorus Aviation Announces Dividend

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