Air Canada (TSE:AC – Get Free Report) had its price objective lowered by research analysts at Cormark from C$25.50 to C$21.25 in a research report issued on Tuesday, BayStreet.CA reports. Cormark’s price target points to a potential upside of 29.26% from the company’s current price.
A number of other analysts have also issued reports on the stock. BMO Capital Markets lowered their target price on shares of Air Canada from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research note on Thursday, July 18th. TD Securities reduced their target price on shares of Air Canada from C$33.00 to C$25.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Jefferies Financial Group dropped their price objective on Air Canada from C$20.00 to C$19.00 in a research note on Thursday, June 20th. Scotiabank decreased their target price on 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. Finally, Royal Bank of Canada dropped their price target on Air Canada from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.52.
Check Out Our Latest Stock Analysis on AC
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) 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 during the quarter, compared to analysts’ expectations of C$5.13 billion. On average, equities research analysts predict that Air Canada will post 3.1906412 EPS 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.
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