Air Canada (TSE:AC – Get Free Report) reached a new 52-week low during trading on Wednesday after Citigroup lowered their price target on the stock from C$25.00 to C$21.00. Citigroup currently has a buy rating on the stock. Air Canada traded as low as C$15.92 and last traded at C$15.94, with a volume of 247501 shares. The stock had previously closed at C$16.00.
A number of other research firms also recently commented on AC. Royal Bank of Canada lowered their target price on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 23rd. Raymond James reduced their target price on shares of Air Canada from C$28.00 to C$22.00 and set an “outperform” rating on the stock in a report on Tuesday, July 23rd. BMO Capital Markets lowered their price target on shares of Air Canada from C$33.00 to C$28.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. TD Securities reduced their price objective on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group lowered their price objective on Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$25.02.
Check Out Our Latest Research Report on AC
Air Canada Stock Performance
Air Canada (TSE:AC – Get Free Report) last announced its quarterly earnings data 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 analysts’ expectations of C$5.13 billion. On average, research analysts anticipate that Air Canada will post 3.1906412 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.
Featured Articles
- Five stocks we like better than Air Canada
- Why Invest in High-Yield Dividend Stocks?
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- Canada Bond Market Holiday: How to Invest and Trade
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for Air Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Canada and related companies with MarketBeat.com's FREE daily email newsletter.