Chorus Aviation (TSE:CHR) Price Target Cut to C$9.00

Chorus Aviation (TSE:CHR) had its target price lowered by Royal Bank of Canada from C$9.50 to C$9.00 in a report published on Wednesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other brokerages also recently weighed in on CHR. CIBC decreased their price target on Chorus Aviation from C$9.50 to C$9.00 in a report on Thursday, July 18th. TD Securities decreased their price target on Chorus Aviation from C$9.50 to C$9.00 and set a buy rating for the company in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of C$9.04.

Shares of Chorus Aviation stock opened at C$7.53 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 255.76. The business has a 50-day moving average price of C$7.83 and a two-hundred day moving average price of C$7.52. Chorus Aviation has a 1-year low of C$4.54 and a 1-year high of C$8.10. The company has a market cap of $1.20 billion and a P/E ratio of 11.43.

The company also recently announced a monthly dividend, which will be paid on Monday, August 19th. Stockholders of record on Wednesday, July 31st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.48 annualized dividend and a dividend yield of 6.37%. Chorus Aviation’s dividend payout ratio is presently 72.84%.

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 694 departures per weekday to 60 destinations in Canada, as well as 18 destinations in the United States.

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