Chorus Aviation Inc. (TSE:CHR – Get Free Report)’s share price hit a new 52-week high during trading on Monday. The company traded as high as C$32.08 and last traded at C$32.04, with a volume of 9,667 shares changing hands. The stock had previously closed at C$31.33.
Analyst Upgrades and Downgrades
CHR has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Scotia increased their target price on Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a report on Thursday, August 6th. TD lifted their price target on shares of Chorus Aviation from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, October 27th. BMO Capital Markets boosted their price target on shares of 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, Royal Bank Of Canada boosted their price target on shares of Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$33.28.
Check Out Our Latest Analysis on Chorus Aviation
Chorus Aviation Stock Performance
The firm has a market cap of C$746.16 million, a P/E ratio of 16.70, a PEG ratio of 0.65 and a beta of 1.26. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84. The company’s 50-day moving average is C$29.45 and its two-hundred day moving average is C$25.48.
Chorus Aviation Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Chorus Aviation’s dividend payout ratio (DPR) is currently 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.
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