Air Canada (TSE:AC – Free Report) had its price objective trimmed by National Bankshares from C$24.00 to C$22.00 in a research report report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other research analysts also recently issued reports on AC. Royal Bank of Canada cut their price objective on Air Canada from C$18.00 to C$17.00 and set a sector perform rating for the company in a research note on Tuesday, July 23rd. Citigroup lowered their price target on shares of Air Canada from C$25.00 to C$21.00 and set a buy rating on the stock in a report on Wednesday, July 31st. BMO Capital Markets reduced their price objective on shares of Air Canada from C$33.00 to C$28.00 and set an outperform rating for the company in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lowered their target price on shares of Air Canada from C$41.00 to C$36.00 in a research note on Thursday, August 8th. Finally, ATB Capital dropped their target price on shares of Air Canada from C$27.00 to C$26.50 and set an outperform rating for the company in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Air Canada has an average rating of Moderate Buy and a consensus target price of C$23.60.
Get Our Latest Research Report on AC
Air Canada Trading Down 0.9 %
Air Canada (TSE:AC – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating the consensus estimate 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, equities analysts anticipate that Air Canada will post 2.8336192 earnings per share for the current year.
Insider Activity
In other news, Senior Officer Christophe Hennebelle purchased 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, for a total transaction of C$29,830.00. Company insiders own 0.14% of the company’s stock.
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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