Air Canada (TSE:AC – Free Report) had its price target upped by JPMorgan Chase & Co. from C$32.00 to C$34.00 in a research note published on Monday,BayStreet.CA reports.
Other research analysts have also issued research reports about the stock. Stifel Canada upgraded shares of Air Canada to a “hold” rating in a research note on Tuesday, October 15th. Scotiabank boosted their price objective on shares of Air Canada from C$24.00 to C$26.50 in a report on Monday. ATB Capital cut their price objective on shares of Air Canada from C$27.00 to C$26.50 and set an “outperform” rating for the company in a report on Tuesday, September 10th. TD Securities cut their price objective on shares of Air Canada from C$25.00 to C$19.00 in a report on Wednesday, July 24th. Finally, Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$20.00 to C$25.50 in a report on Monday. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.25.
Read Our Latest Stock Analysis on Air Canada
Air Canada Stock Down 0.1 %
Air Canada (TSE:AC – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share 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 company had revenue of C$5.52 billion for the quarter, compared to analyst estimates of C$5.55 billion. Sell-side analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current year.
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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