Analysts Set Chorus Aviation Inc (CHR) Target Price at $9.71

Chorus Aviation Inc (TSE:CHR) has earned an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$9.71.

A number of analysts have recently commented on CHR shares. CIBC boosted their price target on Chorus Aviation from C$8.75 to C$9.50 in a research report on Friday, October 13th. Scotiabank boosted their price target on Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Royal Bank of Canada lowered their price objective on Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a research report on Thursday, November 9th. Finally, National Bank Financial lowered their price objective on Chorus Aviation from C$10.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Thursday, August 24th.

Shares of Chorus Aviation (CHR) traded down C$0.21 on Thursday, hitting C$9.31. The stock had a trading volume of 5,650,000 shares, compared to its average volume of 418,166. Chorus Aviation has a 12-month low of C$6.47 and a 12-month high of C$9.80.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 18th. Investors of record on Thursday, November 30th will be given a $0.04 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $0.48 annualized dividend and a yield of 5.16%. Chorus Aviation’s dividend payout ratio (DPR) is presently 38.10%.

In other news, Director Gary James Osborne sold 50,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of C$8.50, for a total transaction of C$425,000.00. Also, insider Colin Copp sold 24,100 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total value of C$236,180.00. Insiders sold a total of 210,846 shares of company stock worth $1,998,711 over the last ninety days.

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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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