Chorus Aviation (CHR) Hits New 1-Year Low at $6.89

Shares of Chorus Aviation Inc (TSE:CHR) hit a new 52-week low during trading on Thursday . The stock traded as low as C$6.89 and last traded at C$6.90, with a volume of 738546 shares changing hands. The stock had previously closed at C$6.97.

CHR has been the subject of several analyst reports. TD Securities lowered their target price on shares of Chorus Aviation from C$10.00 to C$9.50 and set a “buy” rating for the company in a report on Wednesday, May 30th. Scotiabank increased their target price on shares of Chorus Aviation from C$10.50 to C$11.00 and gave the company an “outperform” rating in a report on Wednesday, March 14th. Five research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average target price of C$10.04.

Chorus Aviation (TSE:CHR) last posted its quarterly earnings data on Friday, May 4th. The company reported C$0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.21. Chorus Aviation had a net margin of 4.02% and a return on equity of 38.57%. The business had revenue of C$347.55 million during the quarter, compared to the consensus estimate of C$349.00 million.



The business also recently disclosed a monthly dividend, which will be paid on Monday, June 18th. Investors of record on Thursday, May 31st will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, May 30th. This represents a $0.48 dividend on an annualized basis and a yield of 6.97%.

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 700 departures per weekday to 59 destinations in Canada, as well as 15 destinations in the United States.

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