Chorus Aviation Inc (TSE:CHR) had its target price lifted by TD Securities from C$8.50 to C$9.50 in a report released on Friday morning. They currently have a buy rating on the stock.
Several other equities analysts have also commented on CHR. Scotiabank increased their price target on shares of 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 reiterated a buy rating and issued a C$9.00 price target on shares of Chorus Aviation in a research note on Monday, June 5th. Finally, CIBC increased their price target on shares of Chorus Aviation from C$8.25 to C$8.75 and gave the company an outperform rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Chorus Aviation presently has a consensus rating of Buy and an average price target of C$8.83.
Chorus Aviation (CHR) opened at 8.01 on Friday. Chorus Aviation has a 12 month low of $5.75 and a 12 month high of $8.14. The stock has a 50 day moving average of $8.16 and a 200-day moving average of $7.56. The stock has a market cap of $990.49 million and a P/E ratio of 10.01.
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The business also recently declared a monthly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 31st will be paid a $0.04 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.48 annualized dividend and a yield of 5.99%.
In other news, insider Steven Linthwaite sold 300,000 shares of the 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, insider Scott Tapson sold 4,800 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of C$7.33, for a total value of C$35,184.00. Insiders sold 683,466 shares of company stock valued at $5,018,312 over the last three months.
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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