Shares of Air Canada (TSE:AC – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$29.32.
AC has been the subject of several recent research reports. Scotiabank lowered their price objective on Air Canada from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Thursday, March 28th. Jefferies Financial Group dropped their price objective on shares of Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. TD Securities decreased their target price on shares of Air Canada from C$34.00 to C$33.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the stock a “sector perform” rating in a research report on Thursday, April 4th. Finally, ATB Capital raised their price objective on Air Canada from C$32.00 to C$33.00 in a research report on Friday, May 3rd.
Read Our Latest Analysis on AC
Air Canada Stock Performance
Air Canada (TSE:AC – Get Free Report) last announced its earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The company had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion. As a group, equities analysts anticipate that Air Canada will post 3.1906412 EPS 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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