Chorus Aviation (TSE:CHR) Sets New 1-Year High – Still a Buy?

Chorus Aviation Inc. (TSE:CHR)’s share price reached a new 52-week high during mid-day trading on Monday. The stock traded as high as C$31.25 and last traded at C$31.21, with a volume of 30,150 shares changing hands. The stock had previously closed at C$29.84.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Scotiabank boosted their price target on Chorus Aviation from C$33.50 to C$37.00 and gave the company a “sector outperform” rating in a report on Thursday, October 15th. Scotia increased their price objective on 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. Royal Bank Of Canada increased their price objective on Chorus Aviation from C$35.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets raised their price objective on Chorus Aviation from C$28.00 to C$32.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$33.28.

Chorus Aviation Trading Up 1.2%

The stock has a market capitalization of C$714.11 million, a P/E ratio of 15.98, a P/E/G ratio of 0.65 and a beta of 1.43. The stock’s 50 day moving average price is C$29.30 and its 200-day moving average price is C$25.34. The company has a quick ratio of 0.53, a current ratio of 0.97 and a debt-to-equity ratio of 60.84.

Chorus Aviation (TSE:CHR) last posted its earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share for the quarter. The company had revenue of C$349.42 million during the quarter. Chorus Aviation had a return on equity of 9.32% and a net margin of 3.65%. As a group, equities research analysts expect that Chorus Aviation Inc. will post 0.30 earnings per share for the current year.

Chorus Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, September 15th. Chorus Aviation’s dividend payout ratio is 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.