Scott Tapson Sells 56,500 Shares of Chorus Aviation Inc (CHR) Stock

Chorus Aviation Inc (TSE:CHR) insider Scott Tapson sold 56,500 shares of the stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of C$7.45, for a total value of C$420,925.00.

Shares of Chorus Aviation traded down C$0.06, reaching C$7.43, during mid-day trading on Friday, according to Marketbeat. 356,063 shares of the company were exchanged, compared to its average volume of 479,548. Chorus Aviation Inc has a 52 week low of C$6.77 and a 52 week high of C$9.86.

Get Chorus Aviation alerts:

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

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 18th. Investors of record on Friday, June 29th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.48 annualized dividend and a yield of 6.46%.

A number of equities analysts have recently issued reports on the company. TD Securities lowered their price objective on Chorus Aviation from C$10.00 to C$9.50 and set a “buy” rating for the company in a research report on Wednesday, May 30th. Scotiabank raised their price objective on Chorus Aviation from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a research 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 a consensus target price of C$10.04.

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