Air Canada (TSE:AC – Get Free Report) has been given an average rating of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$29.32.
AC has been the subject of several research analyst reports. Royal Bank of Canada set a C$18.00 target price on shares of Air Canada and gave the company a “sector perform” rating in a report on Thursday, April 4th. ATB Capital upped their price objective on shares of Air Canada from C$32.00 to C$33.00 in a research note on Friday, May 3rd. TD Securities lowered their price objective on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating on the stock in a research report on Friday, May 3rd. National Bankshares decreased their target price on shares of Air Canada from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Finally, CIBC lowered their price target on Air Canada from C$30.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd.
View Our Latest Research Report on AC
Air Canada Stock Up 0.1 %
Air Canada (TSE:AC – Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion during the quarter, compared to analyst estimates of C$5.13 billion. As a group, equities analysts predict that Air Canada will post 3.1906412 EPS for the current fiscal year.
About Air Canada
Air Canada provides domestic, U.S. transborder, and international airline services. The company provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.S. transborder market, and in the international market to and from Canada, as well as through capacity purchase agreements on other regional carriers.
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