RE:Next Year Analysts Set Chorus Aviation Inc (CHR) Target Price at $10.13
Chorus Aviation Inc (TSE:CHR) has been given a consensus rating of “Buy” by the six analysts that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$10.13.
Several research firms recently commented on CHR. CIBC lifted their price objective on Chorus Aviation from C$10.50 to C$11.00 in a report on Thursday, January 4th. TD Securities upgraded Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 price objective for the company in a report on Thursday, March 29th. Finally, Scotiabank lifted their price objective on Chorus Aviation from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Wednesday, March 14th.
Shares of TSE:CHR traded down C$0.01 on Wednesday, hitting C$8.18. 74,733 shares of the company traded hands, compared to its average volume of 480,667. 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 issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.05). Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%. The company had revenue of C$356.56 million for the quarter, compared to the consensus estimate of C$348.50 million.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 16th. Investors of record on Monday, April 30th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.48 annualized dividend and a yield of 5.87%.
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.
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