Beacon Securities Weighs in on Air Canada’s Q3 2016 Earnings (AC)
Air Canada (TSE:AC) – Beacon Securities issued their Q3 2016 EPS estimates for Air Canada in a note issued to investors on Monday. Beacon Securities analyst G. Trapkov anticipates that the firm will post earnings per share of $2.39 for the quarter. Beacon Securities also issued estimates for Air Canada’s Q4 2016 earnings at $0.09 EPS, FY2016 earnings at $3.56 EPS and FY2017 earnings at $3.42 EPS.
A number of other brokerages also recently commented on AC. TD Securities lifted their target price on shares of Air Canada from C$20.00 to C$22.00 and gave the stock an “action list buy” rating in a research note on Tuesday, August 2nd. Scotiabank reduced their target price on shares of Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 2nd. National Bank Financial reduced their target price on shares of Air Canada from C$13.50 to C$13.00 in a research note on Tuesday, June 28th. Canaccord Genuity started coverage on shares of Air Canada in a research note on Tuesday, June 28th. They set a “buy” rating and a C$13.00 target price on the stock. Finally, Macquarie reduced their target price on shares of Air Canada from C$10.00 to C$9.00 in a research note on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Air Canada has an average rating of “Buy” and an average price target of C$14.60.
Air Canada (TSE:AC) opened at 9.82 on Wednesday. The stock’s 50 day moving average is $9.09 and its 200-day moving average is $9.09. Air Canada has a 1-year low of $6.81 and a 1-year high of $12.29. The company has a market capitalization of $2.71 billion and a P/E ratio of 4.72.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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