Air Canada to Post Q4 2016 Earnings of $0.06 Per Share, Cormark Forecasts (AC)
Air Canada (TSE:AC) – Analysts at Cormark issued their Q4 2016 EPS estimates for Air Canada in a research report issued to clients and investors on Monday. Cormark analyst D. Tyerman anticipates that the brokerage will post earnings of $0.06 per share for the quarter. Cormark also issued estimates for Air Canada’s Q2 2017 earnings at $0.69 EPS, Q4 2017 earnings at $0.05 EPS and FY2017 earnings at $3.67 EPS.
Several other brokerages have also weighed in on AC. TD Securities increased their price objective on Air Canada from C$20.00 to C$22.00 and gave the stock an “action list buy” rating in a research report on Tuesday, August 2nd. Scotiabank lowered their price target on Air Canada from C$13.50 to C$13.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 2nd. National Bank Financial lowered their price target on Air Canada from C$13.50 to C$13.00 in a research report on Tuesday, June 28th. Canaccord Genuity started coverage on Air Canada in a research report on Tuesday, June 28th. They set a “buy” rating and a C$13.00 price target for the company. Finally, Macquarie lowered their price target on Air Canada from C$10.00 to C$9.00 in a research report on Friday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$14.67.
Air Canada (TSE:AC) opened at 10.02 on Wednesday. The stock has a 50 day moving average price of $9.17 and a 200 day moving average price of $9.14. Air Canada has a 52-week low of $6.81 and a 52-week high of $12.29. The company has a market capitalization of $2.77 billion and a price-to-earnings ratio of 4.81.
About Air Canada
Air Canada is a domestic, United States transborder and international airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. The Company’s mainline operates a fleet of over 170 aircraft, including Airbus narrow-body aircraft, Boeing and Airbus wide-body aircraft, and Embraer 190 regional jets.
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