Air Canada (TSE:AC – Get Free Report) had its price target increased by stock analysts at BMO Capital Markets from C$28.00 to C$29.00 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 30.75% from the stock’s current price.
Several other research analysts also recently issued reports on AC. JPMorgan Chase & Co. upped their price objective on Air Canada from C$32.00 to C$34.00 in a report on Monday. TD Securities lowered their price objective on Air Canada from C$25.00 to C$19.00 in a research report on Wednesday, July 24th. Jefferies Financial Group raised their target price on shares of Air Canada from C$16.00 to C$18.00 in a research note on Wednesday, October 2nd. National Bankshares boosted their price target on shares of Air Canada from C$22.00 to C$27.00 in a research note on Monday. Finally, Stifel Canada raised shares of Air Canada to a “hold” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$25.27.
Air Canada Trading Up 2.0 %
Air Canada (TSE:AC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping analysts’ consensus estimates 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. Analysts predict that Air Canada will post 2.5789474 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Senior Officer Christophe Hennebelle purchased 1,900 shares of Air Canada stock in a transaction on Friday, August 9th. The stock was purchased at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is owned by corporate insiders.
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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