Chorus Aviation Inc (TSE:CHR) had its price target lifted by Canaccord Genuity from C$9.00 to C$9.25 in a research note issued to investors on Friday.
CHR has been the topic of several other research reports. Scotiabank raised their target price on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company an outperform rating in a research note on Monday, May 15th. CIBC raised their target price on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the company an outperform rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Chorus Aviation presently has an average rating of Buy and an average price target of C$8.83.
Chorus Aviation (TSE:CHR) opened at 7.93 on Friday. The firm has a market capitalization of $980.60 million and a price-to-earnings ratio of 9.91. The firm’s 50-day moving average is $8.17 and its 200 day moving average is $7.57. Chorus Aviation has a 12 month low of $5.75 and a 12 month high of $8.14.
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The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, July 31st will be paid a $0.04 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.48 annualized dividend and a dividend yield of 6.05%.
In other news, Director Nowlan Kal Dayne Rebin sold 25,000 shares of Chorus Aviation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of C$7.35, for a total value of C$183,750.00. Also, insider Rick Flynn sold 67,500 shares of Chorus Aviation stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of C$7.56, for a total transaction of C$510,300.00. Insiders sold a total of 681,069 shares of company stock worth $5,000,190 in the last ninety days.
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 658 departures per weekday to 58 destinations in Canada, as well as 12 destinations in the United States.
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