Air Canada (TSE:AC – Free Report) had its price target decreased by TD Securities from C$34.00 to C$33.00 in a report published on Friday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.
AC has been the subject of a number of other research reports. BMO Capital Markets reiterated a buy rating and set a C$32.00 target price on shares of Air Canada in a research report on Tuesday, February 20th. National Bankshares cut their price objective on shares of Air Canada from C$31.00 to C$30.00 and set an outperform rating for the company in a report on Friday. Scotiabank lowered their target price on shares of Air Canada from C$30.00 to C$29.00 and set an outperform rating on the stock in a report on Thursday, March 28th. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the stock a sector perform rating in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Air Canada from C$38.00 to C$41.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$30.12.
Read Our Latest Analysis on AC
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last issued its quarterly earnings results on Friday, February 16th. The company reported C($0.12) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.07). The firm had revenue of C$5.18 billion during the quarter, compared to analysts’ expectations of C$5.05 billion. Sell-side analysts forecast that Air Canada will post 2.9024768 EPS for the current year.
Insider Transactions at Air Canada
In related news, Senior Officer Mark Youssef Nasr acquired 2,406 shares of the stock in a transaction dated Thursday, February 29th. The shares were purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is owned by 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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