National Bank Financial Comments on Chorus Aviation Inc’s Q1 2018 Earnings (CHR)

Chorus Aviation Inc (TSE:CHR) – National Bank Financial issued their Q1 2018 earnings per share estimates for shares of Chorus Aviation in a research report issued to clients and investors on Wednesday. National Bank Financial analyst C. Doerksen forecasts that the company will post earnings per share of $0.27 for the quarter. National Bank Financial currently has a “Outperform” rating and a $10.00 target price on the stock.

A number of other equities analysts have also weighed in on the stock. Scotiabank upped their target price on shares of 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. Canaccord Genuity reaffirmed a “buy” rating and issued a C$9.00 target price on shares of Chorus Aviation in a research note on Monday, June 5th. TD Securities upped their target price on shares of Chorus Aviation from C$8.50 to C$9.50 and gave the stock a “buy” rating in a research note on Friday, August 11th. CIBC boosted their price target on shares of 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, Royal Bank Of Canada boosted their price target on shares of 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. Six analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of C$9.08.

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Chorus Aviation (TSE CHR) opened at 8.24 on Monday. The stock has a 50 day moving average price of $8.00 and a 200-day moving average price of $7.63. Chorus Aviation has a 12-month low of $5.92 and a 12-month high of $8.26. The firm has a market capitalization of $1.02 billion and a PE ratio of 10.30.

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

In other news, insider Rick Flynn sold 80,000 shares of the company’s stock in a transaction dated 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 25,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of C$7.35, for a total transaction of C$183,750.00. Over the last ninety days, insiders sold 1,223,169 shares of company stock worth $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.

Earnings History and Estimates for Chorus Aviation (TSE:CHR)

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