Air Canada (TSE:AC – Get Free Report) has earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$25.25.
A number of equities analysts recently commented on AC shares. TD decreased their target price on shares of Air Canada from C$23.00 to C$21.00 in a research report on Monday, April 20th. National Bank Financial raised Air Canada from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$22.00 to C$29.00 in a research note on Tuesday, July 7th. Canadian Imperial Bank of Commerce lowered their target price on Air Canada from C$25.00 to C$22.00 in a research note on Wednesday, April 8th. Stifel Nicolaus raised their price target on Air Canada from C$25.50 to C$30.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank Of Canada boosted 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, June 29th.
Air Canada Stock Down 0.1%
Air Canada (TSE:AC – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported C($0.05) earnings per share for the quarter. Air Canada had a return on equity of 34.23% and a net margin of 3.46%.The business had revenue of C$5.79 billion during the quarter. As a group, analysts expect that Air Canada will post 2.5789474 EPS for the current fiscal year.
About Air Canada
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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