Brokerages Set Chorus Aviation Inc (CHR) Price Target at $9.96

Chorus Aviation Inc (TSE:CHR) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$9.96.

A number of research analysts have commented on CHR shares. Royal Bank of Canada decreased their target price on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. CIBC increased their price target on shares of Chorus Aviation from C$8.75 to C$9.50 in a research report on Friday, October 13th. Finally, Scotiabank increased their price target on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Thursday, November 9th.

In other Chorus Aviation news, insider Scott Tapson sold 15,200 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of C$9.75, for a total value of C$148,200.00. Also, Director Gary James Osborne sold 43,300 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total transaction of C$424,340.00. Insiders have sold 160,846 shares of company stock worth $1,573,711 over the last 90 days.

Shares of Chorus Aviation (CHR) traded down C$0.30 during mid-day trading on Monday, hitting C$9.20. 542,913 shares of the stock traded hands, compared to its average volume of 488,813. The firm has a market cap of $1,150.00, a PE ratio of 7.30 and a beta of 0.71. Chorus Aviation has a 1 year low of C$6.95 and a 1 year high of C$9.80.

The company also recently announced a monthly dividend, which was paid on Monday, December 18th. Investors of record on Thursday, November 30th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.22%. Chorus Aviation’s payout ratio is 38.10%.

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Chorus Aviation Company Profile

Chorus Aviation Inc, through its subsidiaries, engages in the airline business in Canada and the United States. It operates scheduled passenger service on behalf of Air Canada under the Air Canada Express brand name with approximately 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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