Air Canada (TSE:AC – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$25.56 and last traded at C$25.54, with a volume of 2756513 shares changing hands. The stock had previously closed at C$24.25.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on AC. JPMorgan Chase & Co. dropped their target price on shares of Air Canada from C$27.00 to C$23.00 in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce reduced their price target on shares of Air Canada from C$25.00 to C$22.00 in a research report on Wednesday, April 8th. ATB Cormark Capital Markets reduced their price target on shares of Air Canada from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada increased their price target on shares of Air Canada from C$22.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, BMO Capital Markets raised their price objective on shares of Air Canada from C$26.00 to C$30.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Air Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.25.
Check Out Our Latest Report on Air Canada
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported C($0.05) EPS for the quarter. The business 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%. As a group, equities analysts expect that Air Canada will post 2.5789474 EPS for the current 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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