Beacon Securities Weighs in on Air Canada’s Q3 2016 Earnings (AC)
Air Canada (TSE:AC) – Stock analysts at Beacon Securities issued their Q3 2016 EPS estimates for Air Canada in a research note issued to investors on Monday. Beacon Securities analyst G. Trapkov forecasts that the firm will post earnings of $2.39 per share 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.
Several other equities research analysts have also recently issued reports on AC. TD Securities reaffirmed an “action list buy” rating and set a C$21.00 price target on shares of Air Canada in a research note on Monday, June 20th. Canaccord Genuity began coverage on shares of Air Canada in a research report on Tuesday, June 28th. They issued a “buy” rating and a C$13.00 target price on the stock. National Bank Financial decreased their target price on shares of Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. Macquarie decreased their target price on shares of Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. Finally, CIBC raised their target price on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$14.60.
Shares of Air Canada (TSE:AC) opened at 9.82 on Wednesday. Air Canada has a 1-year low of $6.81 and a 1-year high of $12.29. The stock has a 50 day moving average of $9.09 and a 200-day moving average of $9.09. The stock 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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