Air Canada (TSE:AC – Free Report) had its target price lifted by Citigroup from C$20.00 to C$21.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. Citigroup currently has a buy rating on the stock.
Several other research analysts have also issued reports on the company. National Bankshares dropped their price objective on Air Canada from C$24.00 to C$22.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price objective on Air Canada from C$41.00 to C$36.00 in a research note on Thursday, August 8th. TD Securities dropped their price objective on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. ATB Capital dropped their price objective on Air Canada from C$27.00 to C$26.50 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price objective on Air Canada from C$16.00 to C$18.00 in a research note on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Air Canada has an average rating of “Moderate Buy” and an average price target of C$23.70.
Check Out Our Latest Stock Analysis on Air Canada
Air Canada Stock Up 0.5 %
Air Canada (TSE:AC – Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported C$0.98 EPS for the quarter, topping the consensus estimate of C$0.85 by C$0.13. The firm had revenue of C$5.52 billion during the quarter, compared to analysts’ expectations of C$5.55 billion. Air Canada had a return on equity of 603.77% and a net margin of 7.92%. Analysts predict that Air Canada will post 2.5789474 earnings per share for the current year.
Insider Activity at Air Canada
In other news, Senior Officer Christophe Hennebelle purchased 1,900 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$15.70 per share, for a total transaction of C$29,830.00. 0.14% of the stock is owned by company 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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