Shares of Air Canada (TSE:AC – Get Free Report) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$29.32.
AC has been the subject of several research analyst reports. TD Securities reduced their price target on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. National Bankshares lowered their target price on Air Canada from C$31.00 to C$30.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the company a “sector perform” rating in a report on Thursday, April 4th. ATB Capital boosted their price objective on Air Canada from C$32.00 to C$33.00 in a research note on Friday, May 3rd. Finally, Scotiabank dropped their target price on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday, March 28th.
Read Our Latest Report on Air Canada
Air Canada Trading Up 5.3 %
Air Canada (TSE:AC – Get Free Report) last released 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 business had revenue of C$5.23 billion for the quarter, compared to the consensus estimate of C$5.13 billion. Equities research analysts predict that Air Canada will post 3.1906412 earnings per share for the current 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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