Air Canada (TSE:AC – Free Report) had its price target lowered by Citigroup from C$25.00 to C$21.00 in a report published on Wednesday, Marketbeat Ratings reports. The firm currently has a buy rating on the stock.
A number of other equities analysts have also recently commented on AC. ATB Capital lowered their target price on Air Canada from C$33.00 to C$28.00 and set an outperform rating for the company in a report on Tuesday, July 23rd. National Bankshares decreased their price objective on Air Canada from C$28.00 to C$24.00 and set an outperform rating for the company in a research note on Monday, July 22nd. Scotiabank decreased their price objective on Air Canada from C$27.00 to C$21.00 and set an outperform rating for the company in a research note on Wednesday, July 24th. Royal Bank of Canada decreased 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 note on Tuesday, July 23rd. Finally, TD Securities decreased their price objective on Air Canada from C$25.00 to C$19.00 in a research note on Wednesday, July 24th. Two investment 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$25.02.
Get Our Latest Analysis on Air Canada
Air Canada Trading Down 3.6 %
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing the consensus estimate of C($0.15) by C($0.12). The company had revenue of C$5.23 billion during the quarter, compared to analysts’ expectations of C$5.13 billion. Analysts anticipate that Air Canada will post 3.1906412 earnings per share for the current year.
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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