Chorus Aviation (TSE:CHR) has been given an average rating of “Buy” by the six brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$10.13.
Several analysts have recently commented on the stock. TD Securities raised shares of Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 price target on the stock in a research report on Thursday, March 29th. Scotiabank lifted their price target on shares of Chorus Aviation from C$10.50 to C$11.00 and gave the company an “outperform” rating in a research report on Wednesday, March 14th.
Shares of CHR stock traded down C$0.09 during trading on Friday, hitting C$7.67. 399,872 shares of the stock traded hands, compared to its average volume of 495,541. Chorus Aviation has a 52-week low of C$7.15 and a 52-week high of C$9.86.
Chorus Aviation (TSE:CHR) last released its quarterly earnings results on Thursday, February 15th. The company reported C$0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.24 by C($0.05). The firm had revenue of C$356.56 million for the quarter, compared to analysts’ expectations of C$348.50 million. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%.
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 16th. Stockholders of record on Monday, April 30th will be given a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, April 27th.
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 700 departures per weekday to 59 destinations in Canada, as well as 15 destinations in the United States.
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