Air Canada (TSE:AC – Free Report) had its price objective decreased by National Bankshares from C$28.00 to C$24.00 in a research report released on Monday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.
Several other research firms also recently weighed in on AC. TD Securities reduced their target price on shares of Air Canada from C$33.00 to C$25.00 and set a buy rating for the company in a research note on Wednesday, July 17th. Royal Bank of Canada restated a sector perform rating and issued a C$18.00 price objective on shares of Air Canada in a research report on Friday, July 5th. ATB Capital raised their price objective on shares of Air Canada from C$32.00 to C$33.00 in a research report on Friday, May 3rd. Jefferies Financial Group cut their price objective on shares of Air Canada from C$20.00 to C$19.00 in a research report on Thursday, June 20th. Finally, Scotiabank cut their price objective on shares of Air Canada from C$29.00 to C$27.00 and set an outperform rating for the company in a research report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Air Canada presently has a consensus rating of Moderate Buy and an average price target of C$25.52.
View Our Latest Stock Analysis on Air Canada
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion for the quarter, compared to analysts’ expectations of C$5.13 billion. Equities analysts expect that Air Canada will post 3.1906412 EPS for the current 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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