Chorus Aviation (TSE:CHR) Reaches New 52-Week High – What’s Next?

Chorus Aviation Inc. (TSE:CHRGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$25.28 and last traded at C$25.24, with a volume of 34497 shares trading hands. The stock had previously closed at C$24.76.

Wall Street Analyst Weigh In

Separately, TD boosted their price objective on shares of Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$30.88.

View Our Latest Research Report on Chorus Aviation

Chorus Aviation Price Performance

The company has a market cap of C$576.62 million, a PE ratio of 9.65, a PEG ratio of 0.65 and a beta of 1.78. The company has a debt-to-equity ratio of 76.81, a current ratio of 1.38 and a quick ratio of 0.53. The stock’s 50-day moving average is C$24.42 and its 200 day moving average is C$23.33.

Chorus Aviation (TSE:CHRGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.29 earnings per share (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 Inc. will post 0.3 earnings per share for the current fiscal year.

Chorus Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were issued 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 payout ratio is 10.38%.

Chorus Aviation Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Chorus Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chorus Aviation and related companies with MarketBeat.com's FREE daily email newsletter.