Brokers Set Expectations for Air Canada’s Q3 2016 Earnings (AC)

Air Canada (TSE:AC) – Equities research analysts at Beacon Securities issued their Q3 2016 earnings per share (EPS) estimates for shares of Air Canada in a report issued on Monday. Beacon Securities analyst G. Trapkov anticipates that the brokerage will post earnings of $2.39 per share for the quarter. Beacon Securities also issued estimates for Air Canada’s Q4 2016 earnings at $0.09 EPS, FY2016 earnings at $3.56 EPS and FY2017 earnings at $3.42 EPS.

Several other research analysts have also commented on the stock. Macquarie cut their price target on shares of Air Canada from C$10.00 to C$9.00 in a report on Friday, July 22nd. TD Securities restated an “action list buy” rating and issued a C$21.00 price target on shares of Air Canada in a report on Monday, June 20th. CIBC raised their price target on shares of Air Canada from C$12.25 to C$14.00 in a report on Tuesday, August 2nd. National Bank Financial cut their price target on shares of Air Canada from C$13.50 to C$13.00 in a report on Tuesday, June 28th. Finally, Canaccord Genuity initiated coverage on shares of Air Canada in a research note on Tuesday, June 28th. They set a “buy” rating and a C$13.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$14.60.

Air Canada (TSE:AC) opened at 9.41 on Wednesday. The firm has a market cap of $2.60 billion and a PE ratio of 4.52. Air Canada has a one year low of $6.81 and a one year high of $12.29. The stock has a 50 day moving average of $9.06 and a 200 day moving average of $9.08.

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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