Chorus Aviation (CHR) Hits New 52-Week Low at $6.89

Chorus Aviation Inc (TSE:CHR) shares hit a new 52-week low during mid-day 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. The stock had previously closed at C$6.97.

Several research analysts recently issued reports on CHR shares. Scotiabank increased their target price on shares of Chorus Aviation from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 14th. TD Securities raised shares of Chorus Aviation from a “hold” rating to a “buy” rating and set a C$10.00 target price on the stock in a research note on Thursday, March 29th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of C$10.04.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 18th. Shareholders 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 annualized dividend 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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