Stifel Canada upgraded shares of Air Canada (TSE:AC – Free Report) to a hold rating in a research note published on Tuesday, Zacks.com reports. Stifel Canada also issued estimates for Air Canada’s FY2024 earnings at $2.52 EPS and FY2025 earnings at $2.80 EPS.
A number of other research firms also recently weighed in on AC. Raymond James lowered their price target on Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Stifel Nicolaus set a C$20.00 target price on Air Canada and gave the stock a “hold” rating in a research note on Wednesday. TD Securities cut their target price on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. National Bankshares lowered their price objective on shares of Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Finally, Jefferies Financial Group raised their price objective on shares of Air Canada from C$16.00 to C$18.00 in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$23.70.
Check Out Our Latest Stock Analysis on Air Canada
Air Canada Trading Up 0.5 %
Air Canada (TSE:AC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$5.52 billion for the quarter, compared to the consensus estimate of C$5.55 billion. As a group, analysts expect that Air Canada will post 2.5789474 EPS for the current year.
Insiders Place Their Bets
In related news, Senior Officer Christophe Hennebelle bought 1,900 shares of the business’s stock in a transaction on Friday, August 9th. The stock was acquired at an average price of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by insiders.
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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