FY2017 EPS Estimates for Air Canada (AC) Raised by Analyst
Air Canada (TSE:AC) – Analysts at Beacon Securities boosted their FY2017 earnings estimates for shares of Air Canada in a research report issued on Tuesday. Beacon Securities analyst G. Trapkov now anticipates that the brokerage will post earnings per share of $4.02 for the year, up from their prior estimate of $3.42.
AC has been the topic of several other research reports. CIBC raised their price objective on shares of Air Canada from C$12.25 to C$14.00 in a research report on Tuesday, August 2nd. Raymond James Financial Inc. raised their price objective on shares of Air Canada from C$10.50 to C$12.50 and gave the company an “underperform” rating in a research report on Tuesday. Royal Bank Of Canada restated a “top pick” rating and set a C$18.00 price objective on shares of Air Canada in a research report on Tuesday. BMO Capital Markets raised their price objective on shares of Air Canada from C$13.00 to C$15.00 and gave the company an “outperform” rating in a research report on Wednesday, October 5th. Finally, CSFB restated an “outperform” rating on shares of Air Canada in a research report on Thursday, September 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$16.15.
Shares of Air Canada (TSE:AC) traded down 0.46% during mid-day trading on Friday, reaching $12.94. 1,266,728 shares of the company’s stock were exchanged. The stock has a market cap of $3.57 billion and a PE ratio of 6.22. The company has a 50 day moving average price of $12.10 and a 200-day moving average price of $9.98. Air Canada has a one year low of $6.81 and a one year high of $13.15.
Air Canada Company Profile
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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