Air Canada (TSE:AC – Free Report) had its price target lowered by TD Securities from C$25.00 to C$19.00 in a research report report published on Wednesday, BayStreet.CA reports.
Other equities analysts have also recently issued research reports about the stock. Raymond James reduced their price target on shares of Air Canada from C$28.00 to C$22.00 and set an outperform rating on the stock in a research report on Tuesday. Jefferies Financial Group reduced their target price on Air Canada from C$20.00 to C$19.00 in a report on Thursday, June 20th. CIBC lowered their target price on Air Canada from C$28.00 to C$25.00 and set an outperform rating for the company in a research note on Tuesday. ATB Capital dropped their price target on Air Canada from C$33.00 to C$28.00 and set an outperform rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price objective on Air Canada from C$18.00 to C$17.00 and set a sector perform rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Air Canada presently has an average rating of Moderate Buy and an average price target of C$25.52.
View Our Latest Analysis on Air Canada
Air Canada Stock Up 0.1 %
Air Canada (TSE:AC – Get Free Report) last posted its earnings results on Thursday, May 2nd. The company reported C($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion during the quarter, compared to analysts’ expectations of C$5.13 billion. Equities research analysts forecast that Air Canada will post 3.1906412 EPS for the current year.
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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