Air Canada (TSE:AC – Free Report) had its target price reduced by Citigroup from C$25.00 to C$21.00 in a report released on Wednesday morning, MarketBeat reports. They currently have a buy rating on the stock.
Other equities research analysts have also issued research reports about the company. Scotiabank reduced their price objective on Air Canada from C$27.00 to C$21.00 and set an outperform rating on the stock in a research report on Wednesday, July 24th. Raymond James reduced their price objective on Air Canada from C$28.00 to C$22.00 and set an outperform rating on the stock in a research report on Tuesday, July 23rd. Jefferies Financial Group reduced their price objective on Air Canada from C$20.00 to C$19.00 in a research report on Thursday, June 20th. ATB Capital reduced 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, July 23rd. Finally, Cormark reduced their price target on Air Canada from C$25.50 to C$21.25 in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$25.02.
Air Canada Price Performance
Air Canada (TSE:AC – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.15) by C($0.12). The firm had revenue of C$5.23 billion during the quarter, compared to the consensus estimate of C$5.13 billion. As a group, equities analysts predict that Air Canada will post 3.1906412 earnings per share for the current fiscal 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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