Air Canada (TSE:AC – Free Report) had its price target lifted by TD Cowen to C$25.00 in a research note issued to investors on Wednesday,Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
Several other analysts also recently issued reports on AC. BMO Capital Markets raised their price target on Air Canada from C$28.00 to C$29.00 in a report on Monday, November 4th. National Bankshares increased their price objective on shares of Air Canada from C$22.00 to C$27.00 in a report on Monday, November 4th. Stifel Nicolaus raised shares of Air Canada from a “hold” rating to a “buy” rating and boosted their target price for the company from C$20.00 to C$25.50 in a research note on Monday, November 4th. ATB Capital raised their price target on shares of Air Canada from C$26.50 to C$28.00 in a research note on Monday, November 4th. Finally, Canaccord Genuity Group raised their price target on Air Canada from C$25.00 to C$29.00 in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Air Canada currently has an average rating of “Moderate Buy” and an average target price of C$25.25.
View Our Latest Analysis on AC
Air Canada Trading Down 2.6 %
Air Canada (TSE:AC – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.85 by C$0.13. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. The firm had revenue of C$5.52 billion for the quarter, compared to analysts’ expectations of C$5.55 billion. On average, analysts anticipate that Air Canada will post 2.5789474 earnings per share for the current fiscal year.
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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