Air Canada (TSE:AC – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$24.95 and last traded at C$24.87, with a volume of 299184 shares traded. The stock had previously closed at C$24.74.
Analyst Ratings Changes
AC has been the topic of several research analyst reports. ATB Cormark Capital Markets lowered their price target on Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce cut their price objective on Air Canada from C$25.00 to C$22.00 in a report on Wednesday, April 8th. Royal Bank Of Canada upped their price objective on Air Canada from C$22.00 to C$28.00 and gave the company an “outperform” rating in a research report on Monday. Canaccord Genuity Group lowered their target price on Air Canada from C$21.00 to C$20.00 and set a “hold” rating on the stock in a report on Monday, May 4th. Finally, TD cut their price target on Air Canada from C$23.00 to C$21.00 in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$23.73.
Read Our Latest Research Report on Air Canada
Air Canada Stock Performance
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$5.79 billion for the quarter. Air Canada had a net margin of 3.46% and a return on equity of 34.23%. Equities research analysts forecast that Air Canada will post 2.5789474 EPS for the current year.
Air Canada Company Profile
Air Canada is Canada’s largest airline, the country’s flag carrier and a founding member of Star Alliance, the world’s most comprehensive air transportation network. Headquartered in Montréal, Air Canada provides scheduled service directly to more than 180 airports in Canada, the United States and Internationally on six continents. It holds a Four-Star ranking from Skytrax. Air Canada’s Aeroplan program is Canada’s premier travel loyalty program, with more than 10 million members worldwide. Members can earn or redeem points on the world’s largest airline partner network of more than 50 airlines, plus through an extensive range of merchandise, hotel and car rental partners.
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