Chorus Aviation Inc (CHR) PT Lowered to C$8.50 at Scotiabank

Chorus Aviation Inc (TSE:CHR) had its price objective decreased by Scotiabank from C$10.00 to C$8.50 in a research report sent to investors on Tuesday. Scotiabank currently has an outperform rating on the stock.

A number of other analysts have also recently commented on CHR. Canaccord Genuity upped their price target on Chorus Aviation from C$9.00 to C$9.25 in a research report on Friday, August 11th. National Bank Financial reduced their price target on Chorus Aviation from C$10.00 to C$8.50 and set an outperform rating for the company in a research report on Thursday, August 24th. Royal Bank Of Canada upped their price target on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an outperform rating in a research report on Friday, August 11th. CIBC upped their price target on Chorus Aviation from C$8.25 to C$8.75 and gave the stock an outperform rating in a research report on Friday, August 11th. Finally, TD Securities upped their price target on Chorus Aviation from C$8.50 to C$9.50 and gave the stock a buy rating in a research report on Friday, August 11th. Six equities research analysts have rated the stock with a buy rating, The stock has an average rating of Buy and a consensus target price of C$9.08.

Chorus Aviation (TSE CHR) opened at 8.24 on Tuesday. The company has a market cap of $1.02 billion and a P/E ratio of 10.30. The firm has a 50-day moving average price of $8.07 and a 200 day moving average price of $7.67. Chorus Aviation has a 52 week low of $5.92 and a 52 week high of $8.28.

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The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, July 31st were paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Thursday, July 27th.

In other news, insider Jolene Mahody sold 193,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of C$8.15, for a total value of C$1,572,950.00. Also, insider Rick Flynn sold 67,500 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of C$7.56, for a total value of C$510,300.00. In the last ninety days, insiders sold 1,223,169 shares of company stock valued at $9,661,446.

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.

Analyst Recommendations for Chorus Aviation (TSE:CHR)

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