Air Canada (TSE:AC – Get Free Report) had its price objective reduced by Royal Bank of Canada from C$18.00 to C$17.00 in a report released on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 3.41% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. ATB Capital lowered their price target on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating on the stock in a research report on Tuesday. BMO Capital Markets cut their price target on shares of Air Canada from C$32.00 to C$30.00 and set an “outperform” rating for the company in a report on Thursday, July 18th. Scotiabank reduced their price objective on shares of Air Canada from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, July 18th. TD Securities dropped their target price on shares of Air Canada from C$33.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group reduced their price target on shares of Air Canada from C$20.00 to C$19.00 in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$26.52.
Check Out Our Latest Stock Report on Air Canada
Air Canada Stock Down 1.3 %
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion during the quarter, compared to analysts’ expectations of C$5.13 billion. On average, equities analysts forecast that Air Canada will post 3.1906412 earnings per share for the current fiscal year.
Air Canada Company Profile
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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