Stifel Canada upgraded shares of Air Canada (TSE:AC – Free Report) to a hold rating in a report issued on Tuesday morning, Zacks.com reports.
Several other research analysts also recently weighed in on AC. Scotiabank upped their price objective on shares of Air Canada from C$22.00 to C$24.00 and gave the stock an “outperform” rating in a report on Tuesday. Cormark dropped their price objective on Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. Jefferies Financial Group upped their target price on Air Canada from C$16.00 to C$18.00 in a report on Wednesday, October 2nd. National Bankshares cut their price objective on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Finally, Raymond James decreased their target price on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$23.70.
View Our Latest Research Report on Air Canada
Air Canada Stock Up 4.4 %
Air Canada (TSE:AC – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The business had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion. As a group, sell-side analysts forecast that Air Canada will post 2.5789474 earnings per share for the current fiscal year.
Insider Buying and Selling at Air Canada
In other Air Canada news, Senior Officer Christophe Hennebelle acquired 1,900 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of C$15.70 per share, with a total value of C$29,830.00. Insiders own 0.14% of the company’s stock.
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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