Chorus Aviation (TSE:CHR) Reaches New 52-Week High – Time to Buy?

Chorus Aviation Inc. (TSE:CHR – Get Free Report)’s share price reached a new 52-week high on Friday. The stock traded as high as C$30.75 and last traded at C$30.45, with a volume of 6001 shares changing hands. The stock had previously closed at C$30.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective 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. Royal Bank Of Canada upped their target price on shares of 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. TD increased their target price on Chorus Aviation from C$33.00 to C$34.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. BMO Capital Markets lifted their price target on Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Scotia boosted their price target on Chorus Aviation from C$31.00 to C$33.50 and gave the company a “sector outperform” rating in a report on Thursday, August 6th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$32.39.

Check Out Our Latest Analysis on Chorus Aviation

Chorus Aviation Stock Performance

The stock has a market cap of C$688.38 million, a price-to-earnings ratio of 15.40, a P/E/G ratio of 0.65 and a beta of 1.72. The business has a 50-day simple moving average of C$27.66 and a two-hundred day simple moving average of C$25.09. The company has a debt-to-equity ratio of 60.84, a quick ratio of 0.53 and a current ratio of 0.97.

Chorus Aviation (TSE:CHR – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. The company had revenue of C$349.42 million for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. As a group, research analysts forecast that Chorus Aviation Inc. will post 0.3 EPS for the current year.

Chorus Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. Chorus Aviation’s payout ratio is presently 19.19%.

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.

Further Reading

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