Chorus Aviation (TSE:CHR) Reaches New 1-Year High – What’s Next?

Chorus Aviation Inc. (TSE:CHRGet Free Report)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$30.69 and last traded at C$30.65, with a volume of 16797 shares. The stock had previously closed at C$30.20.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. TD boosted their price target on Chorus Aviation from C$33.00 to C$34.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. 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 research note on Thursday, August 6th. Scotia lifted 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. Finally, Royal Bank Of Canada upped their target price on Chorus Aviation from C$35.00 to C$39.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$32.39.

View Our Latest Research Report on Chorus Aviation

Chorus Aviation Price Performance

The firm has a 50-day simple moving average of C$25.24 and a two-hundred day simple moving average of C$23.87. The company has a market capitalization of C$689.29 million, a price-to-earnings ratio of 15.42, a P/E/G ratio of 0.65 and a beta of 1.77. The company has a current ratio of 0.97, a quick ratio of 0.53 and a debt-to-equity ratio of 60.84.

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

Chorus Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.4%. Chorus Aviation’s payout ratio is presently 19.19%.

About Chorus Aviation

(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.

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