Shares of Chorus Aviation Inc. (TSE:CHR – Get Free Report) have been given a consensus rating of “Buy” by the eight research firms that are presently covering the company, MarketBeat reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$32.39.
CHR has been the subject of a number of research analyst reports. TD raised their target price 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. Royal Bank Of Canada raised their price objective 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. Stifel Nicolaus boosted their target price on shares of Chorus Aviation from C$32.00 to C$33.00 and gave the company a “buy” rating in a report on Thursday, August 6th. BMO Capital Markets boosted their target price on shares of Chorus Aviation from C$28.00 to C$32.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Scotia upped their target price on shares of Chorus Aviation from C$31.00 to C$33.50 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th.
Get Our Latest Analysis on Chorus Aviation
Chorus Aviation Stock Down 2.7%
Chorus Aviation (TSE:CHR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported C$0.83 earnings per share (EPS) for the quarter. Chorus Aviation had a net margin of 3.65% and a return on equity of 9.32%. The company had revenue of C$349.42 million for the quarter. Equities analysts expect that Chorus Aviation will post 0.3 earnings per share for the current year.
Chorus Aviation Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.44 annualized dividend and a dividend yield of 1.5%. Chorus Aviation’s dividend payout ratio (DPR) is 19.19%.
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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