Chorus Aviation Inc. (TSE:CHR – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$25.28 and last traded at C$24.85, with a volume of 16549 shares trading hands. The stock had previously closed at C$25.05.
Analyst Ratings Changes
CHR has been the subject of several recent analyst reports. TD lifted their price target on Chorus Aviation from C$31.00 to C$32.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. National Bank Financial cut their price target on Chorus Aviation from C$29.00 to C$28.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Royal Bank Of Canada lifted their price target on Chorus Aviation from C$31.00 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Scotiabank upgraded Chorus Aviation from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$26.00 to C$30.00 in a report on Tuesday, February 17th. Finally, Stifel Nicolaus lifted their price objective on Chorus Aviation from C$31.00 to C$32.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Seven equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$30.88.
View Our Latest Stock Report on Chorus Aviation
Chorus Aviation Trading Down 0.8%
Chorus Aviation (TSE:CHR – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.29 earnings per share (EPS) for the quarter. Chorus Aviation had a return on equity of 12.73% and a net margin of 5.16%.The company had revenue of C$325.42 million for the quarter. As a group, equities research 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 announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Monday, June 15th. Chorus Aviation’s payout ratio is currently 10.38%.
About Chorus Aviation
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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