Scotiabank Cuts Chorus Aviation (TSE:CHR) Price Target to C$26.00

by · The Cerbat Gem

Chorus Aviation (TSE:CHR – Free Report) had its price objective decreased by Scotiabank from C$27.00 to C$26.00 in a report published on Wednesday,BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

CHR has been the topic of several other reports. CIBC dropped their price objective on Chorus Aviation from C$32.00 to C$31.00 in a research note on Wednesday. Royal Bank Of Canada set a C$31.00 target price on shares of Chorus Aviation and gave the company an “outperform” rating in a report on Tuesday, November 25th. TD Securities raised their price target on shares of Chorus Aviation from C$30.00 to C$31.00 in a research report on Monday, November 10th. Finally, BMO Capital Markets upped their price objective on shares of Chorus Aviation from C$26.25 to C$28.00 in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.40.

View Our Latest Stock Analysis on CHR

Chorus Aviation Stock Performance

Shares of CHR opened at C$22.61 on Wednesday. The company has a debt-to-equity ratio of 118.79, a quick ratio of 0.53 and a current ratio of 1.13. The stock has a 50 day moving average price of C$21.64 and a two-hundred day moving average price of C$21.80. The firm has a market capitalization of C$529.41 million, a P/E ratio of -18.69, a P/E/G ratio of 0.65 and a beta of 1.54. Chorus Aviation has a 52 week low of C$17.62 and a 52 week high of C$24.31.

Chorus Aviation (TSE:CHR – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported C$0.60 earnings per share for the quarter. The company had revenue of C$323.57 million for the quarter. Chorus Aviation had a negative return on equity of 11.70% and a negative net margin of 7.57%. Equities analysts forecast that Chorus Aviation 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 Monday, December 29th. Investors of record on Monday, December 29th were given a dividend of $0.08 per share. The ex-dividend date was Friday, December 12th. This represents a $0.32 annualized dividend and a yield of 1.4%. Chorus Aviation’s dividend payout ratio is presently -6.61%.

Chorus Aviation Company Profile

(Get Free Report)

Chorus is an aviation solutions provider to customers worldwide. Its operating subsidiaries are: 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; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus’ subsidiaries provide services that encompass every stage of an aircraft’s lifecycle, including: aircraft acquisition and leasing; aircraft refurbishment, engineering, modification, repurposing and transition; contract flying; aircraft and component maintenance, disassembly, and parts provisioning; and pilot training.

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