Air Canada (TSE:AC – Free Report) had its price objective cut by ATB Capital from C$27.00 to C$26.50 in a research report released on Tuesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
A number of other brokerages have also weighed in on AC. JPMorgan Chase & Co. reduced their price target on shares of Air Canada from C$41.00 to C$36.00 in a research note on Thursday, August 8th. National Bankshares decreased their price target on Air Canada from C$28.00 to C$24.00 and set an outperform rating for the company in a research note on Monday, July 22nd. Raymond James dropped their price objective on Air Canada from C$28.00 to C$22.00 and set an outperform rating on the stock in a research note on Tuesday, July 23rd. Royal Bank of Canada decreased 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 note on Tuesday, July 23rd. Finally, Citigroup dropped 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 research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$23.75.
View Our Latest Stock Report on AC
Air Canada Stock Up 0.4 %
Air Canada (TSE:AC – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.98 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.85 by C$0.13. Air Canada had a net margin of 7.92% and a return on equity of 603.77%. The business had revenue of C$5.52 billion for the quarter, compared to analysts’ expectations of C$5.55 billion. Equities research analysts forecast that Air Canada will post 2.818854 earnings per share for the current year.
Insider Buying and Selling at Air Canada
In other news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of C$15.70 per share, with a total value of C$29,830.00. Corporate insiders own 0.14% of the company’s stock.
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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