Chorus Aviation Inc (TSE:CHR) PT Raised to C$9.50

Chorus Aviation Inc (TSE:CHR) had its price objective hoisted by TD Securities from C$8.50 to C$9.50 in a report released on Friday morning. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on CHR. CIBC upped their price objective on Chorus Aviation from C$8.25 to C$8.75 and gave the stock an outperform rating in a research note on Friday. Canaccord Genuity upped their price objective on Chorus Aviation from C$9.00 to C$9.25 in a research note on Friday. Finally, Scotiabank upped their price objective on Chorus Aviation from C$8.00 to C$8.50 and gave the stock an outperform rating in a research note on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Chorus Aviation has a consensus rating of Buy and a consensus price target of C$8.83.

Shares of Chorus Aviation (TSE CHR) opened at 8.01 on Friday. The firm has a market capitalization of $990.49 million and a P/E ratio of 10.01. The stock has a 50 day moving average price of $8.16 and a 200 day moving average price of $7.56. 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 declared a monthly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 31st will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, July 27th. This represents a $0.48 dividend on an annualized basis and a yield of 5.99%.

In other Chorus Aviation news, insider Steven Linthwaite sold 300,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of C$7.27, for a total transaction of C$2,181,000.00. Also, insider Rick Flynn sold 80,000 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of C$7.60, for a total value of C$608,000.00. Insiders have sold a total of 683,466 shares of company stock valued at $5,018,312 in the last quarter.

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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