Air Canada (TSE:AC – Get Free Report) had its price objective raised by Cormark from C$21.75 to C$26.75 in a research report issued to clients and investors on Monday, BayStreet.CA reports. Cormark’s price objective indicates a potential upside of 20.60% from the company’s previous close. Cormark also issued estimates for Air Canada’s Q2 2025 earnings at $1.32 EPS.
A number of other analysts have also recently issued reports on the company. BMO Capital Markets decreased their target price on Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Scotiabank raised their price target on Air Canada from C$24.00 to C$26.50 in a report on Monday. Citigroup increased their price objective on Air Canada from C$20.00 to C$21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. National Bankshares upped their price target on Air Canada from C$22.00 to C$27.00 in a research note on Monday. Finally, Raymond James dropped their price objective on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Air Canada currently has a consensus rating of “Moderate Buy” and an average target price of C$25.27.
Read Our Latest Research Report on Air Canada
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The firm had revenue of C$5.52 billion for the quarter, compared to analyst estimates of C$5.55 billion. Equities analysts forecast that Air Canada will post 2.5789474 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Christophe Hennebelle bought 1,900 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average cost of C$15.70 per share, with a total value of C$29,830.00. Corporate insiders own 0.14% of the company’s stock.
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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