Air Canada (TSE:AC – Free Report) had its price target reduced by CIBC from C$30.00 to C$28.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.
Other research analysts have also recently issued research reports about the stock. BMO Capital Markets reiterated a buy rating and set a C$32.00 price target on shares of Air Canada in a research note on Tuesday, February 20th. National Bankshares set a C$31.00 price target on Air Canada and gave the company an outperform rating in a report on Tuesday, March 5th. ATB Capital reduced their price target on Air Canada from C$33.00 to C$32.00 and set an outperform rating for the company in a research report on Tuesday, February 20th. TD Securities lifted their price objective on Air Canada from C$30.00 to C$34.00 and gave the company a buy rating in a research report on Wednesday, February 21st. Finally, Scotiabank cut their price objective on 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. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$30.12.
Read Our Latest Report on Air Canada
Air Canada Trading Up 0.1 %
Air Canada (TSE:AC – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of C$5.18 billion for the quarter, compared to analysts’ expectations of C$5.05 billion. Analysts expect that Air Canada will post 2.9024768 EPS for the current year.
Insider Buying and Selling
In related news, Senior Officer Mark Youssef Nasr bought 2,406 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average price of C$18.21 per share, for a total transaction of C$43,823.37. 0.17% of the stock is owned by 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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