Air Canada (TSE:AC – Free Report) had its target price trimmed by National Bankshares from C$30.00 to C$28.00 in a research note published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other equities research analysts have also recently weighed in on the company. TD Securities dropped their target price on Air Canada from C$34.00 to C$33.00 and set a buy rating for the company in a report on Friday, May 3rd. ATB Capital increased their target price on Air Canada from C$32.00 to C$33.00 in a report on Friday, May 3rd. Royal Bank of Canada set a C$18.00 target price on Air Canada and gave the company a sector perform rating in a report on Thursday, April 4th. CIBC lowered their price target on Air Canada from C$30.00 to C$28.00 and set an outperform rating for the company in a research report on Friday, May 3rd. Finally, Jefferies Financial Group lowered their price target on Air Canada from C$20.00 to C$19.00 in a research report on Thursday, June 20th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$29.18.
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Air Canada Price Performance
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 company had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion. Equities analysts predict 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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