Chorus Aviation Inc (TSE:CHR) – Equities research analysts at Cormark upped their Q3 2017 earnings per share estimates for Chorus Aviation in a report issued on Friday. Cormark analyst D. Tyerman now forecasts that the company will earn $0.29 per share for the quarter, up from their prior estimate of $0.28. Cormark also issued estimates for Chorus Aviation’s Q4 2017 earnings at $0.27 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.27 EPS and FY2019 earnings at $1.06 EPS.
A number of other research analysts also recently weighed in on CHR. Scotiabank raised their price objective on 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. Canaccord Genuity reissued a “buy” rating and issued a C$9.00 price objective on shares of Chorus Aviation in a research note on Monday, June 5th. CIBC raised their price objective on Chorus Aviation from C$8.25 to C$8.75 and gave the company an “outperform” rating in a research note on Friday. TD Securities raised their price objective on Chorus Aviation from C$8.50 to C$9.50 and gave the company a “buy” rating in a research note on Friday. Finally, National Bank Financial raised their price objective on Chorus Aviation from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a research note on Friday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Chorus Aviation has a consensus rating of “Buy” and an average target price of C$8.83.
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Shares of Chorus Aviation (TSE CHR) opened at 7.93 on Monday. Chorus Aviation has a 12 month low of $5.75 and a 12 month high of $8.14. The firm has a 50-day moving average of $8.17 and a 200 day moving average of $7.57. The firm has a market cap of $980.60 million and a P/E ratio of 9.91.
In other Chorus Aviation news, insider Steven Linthwaite sold 300,000 shares of Chorus Aviation stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of C$7.27, for a total value of C$2,181,000.00. Also, Director Nowlan Kal Dayne Rebin sold 109,063 shares of Chorus Aviation stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of C$7.24, for a total value of C$789,616.12. Over the last ninety days, insiders sold 681,069 shares of company stock worth $5,000,190.
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 $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 6.05%. The ex-dividend date is Thursday, July 27th.
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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