Air Canada (TSE:AC – Free Report) had its price target trimmed by CIBC from C$30.00 to C$28.00 in a report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
AC has been the subject of several other reports. Scotiabank decreased their price target on shares of Air Canada from C$30.00 to C$29.00 and set an outperform rating for the company in a research note on Thursday, March 28th. JPMorgan Chase & Co. raised their target price on shares of 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. Royal Bank of Canada set a C$18.00 price target on Air Canada and gave the stock a sector perform rating in a research report on Thursday, April 4th. Canaccord Genuity Group boosted their target price on Air Canada from C$31.00 to C$32.00 and gave the stock a buy rating in a report on Wednesday, January 31st. Finally, TD Securities raised their price target on Air Canada from C$30.00 to C$34.00 and gave the company a buy rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Air Canada currently has an average rating of Moderate Buy and a consensus target price of C$30.12.
Check Out Our Latest Stock Analysis on AC
Air Canada Stock Performance
Air Canada (TSE:AC – Get Free Report) last released its quarterly earnings results on Friday, February 16th. The company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.07). The company had revenue of C$5.18 billion for the quarter, compared to analyst estimates of C$5.05 billion. Sell-side analysts expect that Air Canada will post 2.9024768 EPS for the current year.
Insider Activity at Air Canada
In other Air Canada news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of C$18.21 per share, with a total value of C$43,823.37. 0.17% of the stock is owned by corporate 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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