Air Canada (TSE:AC – Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from C$32.00 to C$34.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 53.29% from the company’s current price.
A number of other equities research analysts also recently weighed in on AC. Stifel Canada upgraded Air Canada to a “hold” rating in a report on Tuesday, October 15th. Cormark dropped their price target on shares of Air Canada from C$25.50 to C$21.25 in a research note on Tuesday, July 23rd. CIBC lowered their target price on shares of Air Canada from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 23rd. National Bankshares upped their price objective on Air Canada from C$22.00 to C$27.00 in a report on Monday. Finally, Scotiabank upped their price target on Air Canada from C$24.00 to C$26.50 in a report on Monday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$25.27.
View Our Latest Stock Report on AC
Air Canada Trading Up 2.0 %
Air Canada (TSE:AC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to analyst estimates of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. On average, analysts anticipate that Air Canada will post 2.5789474 EPS for the current year.
Insider Buying and Selling
In other Air Canada news, Senior Officer Christophe Hennebelle bought 1,900 shares of the stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of C$15.70 per share, with a total value of C$29,830.00. 0.14% of the stock is currently owned by corporate insiders.
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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