Jefferies Financial Group set a C$20.00 price objective on Air Canada (TSE:AC – Free Report) in a research note issued to investors on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.
Other equities research analysts have also issued research reports about the stock. TD Securities reduced their target price on shares of Air Canada from C$34.00 to C$33.00 and set a buy rating on the stock in a research note on Friday, May 3rd. Royal Bank of Canada set a C$18.00 target price on shares of Air Canada and gave the company a sector perform rating in a research note on Thursday, April 4th. Scotiabank reduced their price objective on shares of 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. JPMorgan Chase & Co. lifted their price objective on shares of Air Canada from C$38.00 to C$41.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. Finally, BMO Capital Markets reissued a buy rating and issued a C$32.00 target price on shares of Air Canada in a research report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Air Canada presently has an average rating of Moderate Buy and an average target price of C$29.39.
Read Our Latest Research Report on Air Canada
Air Canada Stock Performance
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion for the quarter, compared to the consensus estimate of C$5.13 billion. On average, sell-side analysts predict 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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