National Bank Financial Boosts Chorus Aviation (CHR) Price Target to C$9.00

Chorus Aviation (TSE:CHR) had its price objective raised by National Bank Financial from C$8.50 to C$9.00 in a report published on Tuesday morning. National Bank Financial currently has an outperform rating on the stock. National Bank Financial also issued estimates for Chorus Aviation’s Q4 2018 earnings at $0.23 EPS and FY2019 earnings at $0.83 EPS.

CHR has been the topic of a number of other reports. TD Securities reduced their price objective on shares of Chorus Aviation from C$9.50 to C$9.00 and set a buy rating on the stock in a research note on Thursday, November 15th. Canaccord Genuity cut their target price on shares of Chorus Aviation from C$10.00 to C$8.50 in a research note on Thursday, November 15th. CIBC reduced their target price on shares of Chorus Aviation from C$11.00 to C$10.50 in a research note on Wednesday, October 17th. Finally, Royal Bank of Canada decreased their price target on shares of Chorus Aviation from C$11.00 to C$10.00 and set an outperform rating on the stock in a research note on Thursday, November 15th.

CHR opened at C$6.79 on Tuesday. Chorus Aviation has a 12-month low of C$4.54 and a 12-month high of C$9.86. The company has a current ratio of 0.94, a quick ratio of 0.74 and a debt-to-equity ratio of 316.31.

Chorus Aviation (TSE:CHR) last issued its quarterly earnings data on Wednesday, November 14th. The company reported C$0.22 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.26 by C($0.04). The business had revenue of C$366.70 million during the quarter, compared to the consensus estimate of C$370.00 million. On average, research analysts expect that Chorus Aviation will post 1.04999994261448 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 17th. Shareholders of record on Monday, December 31st were paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend was Friday, December 28th. Chorus Aviation’s dividend payout ratio is presently 77.05%.

About Chorus Aviation

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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