Chorus Aviation Inc (TSE:CHR) Receives Consensus Rating of “Buy” from Brokerages

Chorus Aviation Inc (TSE:CHR) has been given an average rating of “Buy” by the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$8.86.

CHR has been the topic of several research reports. Scotiabank raised their price objective on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company an “outperform” rating in a research report on Monday, May 15th. Canaccord Genuity restated a “buy” rating and set a C$9.00 price objective on shares of Chorus Aviation in a research report on Monday, June 5th. CIBC raised their price objective on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the company an “outperform” rating in a research report on Friday. TD Securities raised their price objective on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the company a “buy” rating in a research report on Friday. Finally, National Bank Financial raised their price objective on shares of Chorus Aviation from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research report on Friday.

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Shares of Chorus Aviation (TSE CHR) traded up 0.25% on Friday, reaching $8.01. 247,974 shares of the company’s stock traded hands. The company’s 50-day moving average price is $8.15 and its 200 day moving average price is $7.56. Chorus Aviation has a one year low of $5.75 and a one year high of $12.94. The firm has a market cap of $978.68 million and a P/E ratio of 12.14.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, July 31st will be given a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Thursday, July 27th.

In related news, insider Rick Flynn sold 80,000 shares of Chorus Aviation stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of C$7.60, for a total value of C$608,000.00. Also, Director Nowlan Kal Dayne Rebin sold 109,063 shares of Chorus Aviation stock in a transaction on Friday, June 16th. The stock was sold at an average price of C$7.24, for a total transaction of C$789,616.12. In the last quarter, insiders sold 683,466 shares of company stock worth $5,018,312.

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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