Chorus Aviation (CHR) Reaches New 12-Month High at $9.82

Shares of Chorus Aviation Inc (TSE:CHR) hit a new 52-week high on Thursday . The company traded as high as C$9.82 and last traded at C$9.65, with a volume of 367957 shares trading hands. The stock had previously closed at C$9.39.

A number of brokerages recently weighed in on CHR. CIBC increased their price target on shares of Chorus Aviation from C$10.50 to C$11.00 in a research report on Thursday, January 4th. Scotiabank raised their target price on shares of Chorus Aviation from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada dropped their target price on shares of Chorus Aviation from C$11.00 to C$9.50 and set an “outperform” rating on the stock in a report on Thursday, November 9th. Six equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of C$9.96.

The company has a market cap of $1,230.00, a price-to-earnings ratio of 7.76 and a beta of 0.71.

Chorus Aviation (TSE:CHR) last announced its earnings results on Wednesday, November 8th. The company reported C$0.39 EPS for the quarter, topping the consensus estimate of C$0.26 by C$0.13. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%.

In other news, Director Gary James Osborne sold 43,300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of C$9.80, for a total transaction of C$424,340.00. Also, insider Rick Flynn sold 28,946 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of C$9.75, for a total transaction of C$282,223.50. Insiders have sold a total of 160,846 shares of company stock worth $1,573,711 over the last 90 days.

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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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